Deal

Microsoft on Wednesday courted the favor of antitrust regulators scrutinizing its plan to buy video game maker Activision Blizzard, promising that any app store it builds will treat developers fairly.Microsoft president Brad Smith laid out a set of "Open App Store Principles" that will apply to the store it runs for Windows-powered computers and "the next-generation marketplaces we will build for games.""We have developed these principles in part to address Microsoft's growing role and responsibility as we start the…

SpaceX is starting to make deals with airlines to provide its Starlink satellite internet to sky travelers everywhere. It announced a deal on Monday with Hawaiian Airlines, and last week made a similar deal with charter carrier JSX. None of the involved parties shared the financial details of their deals, but both airlines did say they’re planning to offer the in-flight Wi-Fi for free, which is both a semi-miraculous fact and a sign of hope that free Wi-Fi is becoming the industry standard. Delta meanwhile, confirmed…

Video game maker Activision Blizzard's mobile gaming unit, King, said on Wednesday two of its senior executives, including a co-founder, would leave the company before its deal with Microsoft Corp.In January, Microsoft said it was buying the Call of Duty maker for $68.7 billion (roughly Rs. 5,16,885 crore) in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.Sebastian Knutsson, one of the founders of King, is stepping down from his role as chief creative…

US Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard shares in January, days before the videogame maker agreed to be acquired by Microsoft, the Wall Street Journal reported on Tuesday.IAC Chairman Diller, his stepson von Furstenberg, and music mogul Geffen have an unrealised profit of about $60 million (roughly Rs. 459.58 crore) on the options trade, based on the recent Activision share price of around $80…

SpaceX signed its first deal with an air carrier to provide in-flight wireless Internet using the Starlink satellite network, the space company said on Thursday as it jockeys with other burgeoning satellite firms to put high-speed Internet on commercial airlines.The company, owned by Tesla Chief Executive Elon Musk, has been in talks for months with airlines to provide Starlink Internet in-flight, a key prong in SpaceX's strategy to scoop up enterprise customers beyond consumers and households in rural areas of the globe…

Ex-US President Barack Obama and his wife Michelle Obama's media company, Higher Ground, has ended its exclusive podcast deal with Spotify.According to Variety, they are currently on the lookout for other partners in the podcasting space.Originally inked in 2019, the Obamas have exited their exclusive pact with Spotify after being frustrated with the company's exclusive terms.Primarily, they want to have their podcast programming distributed as widely as possible, according to two sources familiar with the situation.A…