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Business

“Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard”

“Britain’s top competition regulator on Wednesday moved to block Microsoft’s acquisition of video game publisher Activision Blizzard. The measure marks a major blow for the U.S. tech giant, as it seeks to convince authorities that the deal will benefit competition.… Continue Reading…

Business

“Microsoft sets record for biggest tech deal ever, topping Dell-EMC merger in 2016”

“On Tuesday, Microsoft said it’s buying video game publisher Activision Blizzard for almost $69 billion, a price that would narrowly eclipse the richest U.S. tech deal in history. In 2016, Dell purchased EMC for $67 billion. The JDS-SDL deal comes next, followed by IBM’s $34 billion… Continue Reading…

Stocks

“Sony shares tank over 12% after Microsoft and Activision’s $68.7 billion tie-up plan”

“Sony shares fell more than 12% in Tokyo on Wednesday after Microsoft announced plans to buy Activision. Investors likely fear rising competition to Sony’s PlayStation division as well as the potential for Microsoft to pull some popular games from the Japanese entertainment giant’s platforms.… Continue Reading…