Microsoft announced its intention to acquire Activision Blizzard in January 2022. Activision is known for its 'Call of Duty,' World of Warcraft' and 'Candy Crush' video games.
Rima Alaily, Microsoft's corporate vice president and deputy general counsel, told the videogame website Eurogamer, "What does 100% mean? When we say equal, we mean equal. Ten years of parity. On content. On pricing. On features. On quality. On playability."
Analysts also swiped at the CMA’s case. In outlining why Microsoft might still be in the pole position to win the merger fight, MoffettNathanson’s Clay Griffin, who has an outperform on Activision and a $95 price target, put out a note after the CMA released its initial findings which bluntly stated: "We certainly think the decision, on both accounts, is the wrong anti-trust conclusion" and that "structural remedies – i.e.
"This is not new or controversial. Microsoft has committed to this from the very beginning," he wrote in the note. Sources told FOX Business the reason the CMA is the "only real potential roadblock" among regulatory bodies is that once the U.K. regulator makes a decision, unlike the U.S. Federal Trade Commission, it offers companies no legal recourse such as a trial.The Activision Blizzard Booth during the Electronic Entertainment Expo in Los Angeles, June 13, 2013.
Sony’s PlayStation has a commanding lead in console market share in both the U.K. and Europe, and also leads in the U.S., according to both Ampere Analysis and Statista. Microsoft’s Xbox comes in second place followed by Nintendo’s Switch.Sources tell FOX Business both Kotick and an as-yet-unnamed Microsoft executive – possibly Xbox chief Phil Spencer or Microsoft President Brad Smith will "be on a plane by late February" to make the case before the CMA’s April deadline.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Activision Blizzard CEO Bobby Kotick reacts to Warren Buffett's stake: 'Nothing more flattering'Activision Blizzard CEO Bobby joins 'The Claman Countdown' to break down the company's 'record fourth quarter' and shares how 'flattering' it is to know Warren Buffett and Charlie Munger own equity in the company.
Baca lebih lajut »
Activision CEO on Microsoft's $68.7 billion deal: Regulators don’t have experienceActivision Blizzard CEO Bobby Kotick talked about Microsoft’s proposed acquisition of the video game company and also addressed regulatory scrutiny of the proposed deal.
Baca lebih lajut »
U.K. regulator says provisional finding is that Microsoft’s Activision deal could stifle competitionThe U.K. Competition and Markets Authority said an in-depth independent investigation on Microsoft’s proposed acquisition of Activision Blizzard...
Baca lebih lajut »
Microsoft Acquisition of Activision Blizzard “Could Harm U.K. Gamers,” “Substantially Reduce” Competition, British Regulator FindsThe mega-deal 'raises concerns about cloud and console gaming' and 'could result in higher prices, fewer choices or less innovation,' the Competition and Markets Authority says in its provisional conclusions, highlighting the possible impact on Sony's PlayStation.
Baca lebih lajut »
Microsoft’s Activision Deal Would Harm Gamers, U.K. Regulator SaysU.K. antitrust regulators said the proposed $75 billion acquisition would further consolidate what it called Microsoft’s strong position in cloud gaming.
Baca lebih lajut »
Microsoft’s $68.7 Billion Activision Deal in Danger After U.K. Regulator Takes Dim ViewThe U.K.’s Competition & Markets Authority has taken a dim view of Microsoft’s proposed $68.7 billion deal to buy video games giant Activision. In interim findings published on Wednesday the re…
Baca lebih lajut »