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9 months ago
3
Deals
08 February 2023, 7:21 pm. 1 minute
Reuters reported that Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call of Duty” maker, Activision Blizzard, saying it could harm gamers by weakening the rivalry between Xbox and Sony’s PlayStation.
Market Impact
The biggest-ever deal in gaming could result in higher prices, fewer choices, and less innovation for millions of players, as well as stifling competition in cloud gaming. Shares in Activision were down 3% in early trading in New York. Microsoft, which announced an AI-driven revamp of its search capabilities on Tuesday, was up 2.4%.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: EuropeNorth America
Countries: EnglandUnited States
Win Types: Overall Coverage
Story Types: Spot News
Media Types: Text
Customer Impact: Major Global Story
English (US)