Microsoft’s ambitions hobbled as US seeks to block Activision deal

Microsoft’s ambitions hobbled as US seeks to block Activision deal

2 months ago

WASHINGTON: The Biden administration on Thursday moved to block Microsoft’s US$69 billion 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 US$68.7 billion in the biggest gaming industry deal in history.

Without Activision and its variety of games across mobile, consoles and PCs, Microsoft could struggle to attract users to its budding subscription service for accessing games.

Read the full story

It's better on the Lumi News app

✅ It’s fast

✅ It’s easy to use

✅ It’s free

Start using Lumi

You might like ⬇️
Toyota keeps profit forecasts despite supply chain headwinds
New Straits Times

New Straits Times

Toyota keeps profit forecasts despite supply chain headwinds

15 minutes ago

Mida on track to reach RM70bil target for digital investments
FMT News

FMT News

Mida on track to reach RM70bil target for digital investments

44 minutes ago

Office interiors maker AHB mulling stake for Mongolian gold and mineral mining venture
The Malaysian Reserve

The Malaysian Reserve

Office interiors maker AHB mulling stake for Mongolian gold and mineral mining venture

Trending right now

Loading...