brad smith

The UK’s Competition and Markets Authority (CMA) has blocked Microsoft’s $68.7 billion acquisition of Activision Blizzard. The regulator said that “the merger could make Microsoft even stronger in cloud gaming, stifling competition in this growing market.” Microsoft has already responded by saying that it will appeal the decision, and now, the video game company has issued a statement.‘The UK is clearly closed for business’According to Activision Blizzard, the CMA’s report’s conclusions are a disservice to UK citizens. It…

BRUSSELS— Microsoft Corp. MSFT 1.67% President Brad Smith said the company reached a deal with cloud gaming company Boosteroid on distributing “Call of Duty” videogames and expects more agreements to follow as the software giant pushes to convince regulators to approve its planned $75 billion acquisition of the videogame franchise’s owner, Activision Blizzard Inc. ATVI 1.06% Microsoft…

Microsoft is still struggling to get its Activision Blizzard acquisition deal approved by some regulators. Representative ImageMicrosoft said it would license Activision Blizzard's "Call of Duty" (CoD) to Sony for 10 years to address concerns raised by Britain over its $69 billion takeover of the game-maker, according to a document published by the regulator. Microsoft last month struck a similar deal with Nvidia Corp's gaming platform, dependent on it getting the go-ahead for the much-contested acquisition. Microsoft…

Microsoft said it would license Activision Blizzard's "Call of Duty" (CoD) to Sony for 10 years to address concerns raised by Britain over its $69 billion takeover of the games maker, according to a document published by the regulator. Microsoft last month struck a similar deal with Nvidia Corp's gaming platform, dependent on it getting the go-ahead for the much-contested acquisition. Microsoft President Brad Smith had said he hoped that rival Sony - which has strongly opposed the takeover - would consider doing…

The Xbox maker announced the Activision Blizzard acquisition in January last year to help it compete better with leaders Tencent and SonyMicrosoft Corp has struck a 10-year deal to bring "Call of Duty" and other Activision games to Nvidia Corp's gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision. Regulators and competitors like Sony have come out hard against the proposed Microsoft-Activision tie-up. The move may allay concerns by ensuring more ways for…

Microsoft Corp. signed pacts to give Nintendo Co. and Nvidia Corp. access to “Call of Duty” games for a decade if its $75 billion deal to buy the franchise’s developer, Activision Blizzard Inc., gets approved, part of the software maker’s efforts to relieve regulators’ concerns about the transaction. In a tweet Tuesday, Microsoft Vice Chairman and President Brad Smith said the commitment with Nintendo, first proposed late last year, is now solidified. It means that Nintendo would gain access to…

Tech giant Microsoft has announced that it has partnered with global solar leader Qcells to curb carbon emissions and power the clean energy economy.The "strategic alliance" aims to enable a strong supply chain for new renewable electricity capacity projected to require at least 2.5 gigawatts of solar panels and related services, which is equivalent to powering over 400,000 homes, Microsoft said in a blogpost.Qcells, owned by Hanwha Solutions headquartered in Seoul, will work with the tech giant to create solar projects…

Microsoft President Brad Smith said that the company had offered to sign a legally-binding consent decree with the US Federal Trade Commission to provide "Call of Duty" games to rivals including Sony and others for a decade. The rejected offer, Smith said, was made just before the FTC sued Microsoft last week in an attempt to block the tech giant's $69-billion takeover bid for video game publisher Activision Blizzard Inc. The deal has drawn criticism from Sony, maker of the PlayStation console, citing concerns Xbox maker…

Microsoft President Brad Smith said on Tuesday the company had offered to agree to a legally-binding consent decree with the US Federal Trade Commission to provide Call of Duty games to rivals including Sony and others for a decade. The development comes as Microsoft is seeking approval for its $69-billion (roughly Rs. 5,66,800 crore) takeover bid for video game publisher Activision Blizzard.Microsoft, which owns the Xbox console and game network platform, said in January 2022 that it would buy Activision for $68.7…

The Biden administration on Thursday moved to block Microsoft's $69 billion (roughly Rs. 5,66,800 crore) bid to buy Call of Duty maker Activision Blizzard, throwing a stumbling block in front of the tech giant's plans to rapidly expand its portfolio of popular games and catch up to bigger rivals.Microsoft, which owns the Xbox console and game network platform, said in January 2022 that it would buy Activision for $68.7 billion (roughly Rs. 5,64,474 crore) in the biggest gaming industry deal in history.Without Activision…