The FTC is challenging Microsoft’s $69 billion buyout of Activision again

Just when Microsoft's buyout of Activision seemed to finally be near complete, the Federal Trade Commission said it will revive its attempt to block the $69 billion deal in an adjudicative process. The FTC plans to restart its in-house trial against Microsoft’s multibillion-dollar acquisition of the Call of Duty maker. This effort by the FTC is unlikely to be anything more than a nuisance for Microsoft. It already received EU approval over the summer when the European Commission endorsed the deal as long as the tech giant could ensure “full compliance with commitments.” And more recently, the UK's Competition and Markets Authority issued a preliminary approval of the merger. Activision Blizzard CEO Bobby Kotick called it “a significant milestone for the merger” in a statement and said he remains optimistic that the deal will complete soon. The CMA's consultation on Microsoft's proposed changes is expected to be complete by October 6, just days ahead of the October 18 deadline for the CMA’s review process. Normally, the FTC typically drops its challenges to deals when efforts are lost in federal court and despite the agency’s effort, this move will not delay the deal from going through. The likely worst-case scenario for Microsoft would be divestiture. Being forced to sell Activision or parts of it after the fact would not be ideal, but at least short term there seems to be little chance of the FTC derailing things. The agency’s failed attempt to... Continue reading at 'Engadget'

[ Engadget | 2023-09-28 16:28:44 UTC ]
News tagged with: #tech giant #significant milestone #days ahead #review process #federal court #worst-case scenario #short term #lulu

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Microsoft joins forces with Barnes

The software company announced it will invest $300 million in the bookseller's ebook and college bookstore ventures Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2012-04-30 00:00:00 UTC ]
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Microsoft and Barnes & Noble Create E-Book Partnership

Coming up first: A Metro-style Nook e-reader app for Windows 8 that will be available to U.S. and international users. Continue reading at PC World

[ PC World | 2012-04-30 00:00:00 UTC ]
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Microsoft, Barnes & Noble teach Apple and Amazon a lesson about educational ebooks

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[ Betanews | 2012-04-30 00:00:00 UTC ]
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Barnes & Noble, Microsoft team up on Nook, college businesses

An infusion of money from Microsoft Corp. sent Barnes & Noble Inc.'s stock zooming Monday, as the software giant established a way to get back into the ebooks business. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-30 00:00:00 UTC ]
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Microsoft finds a nook of its own in Barnes & Noble

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[ Los Angeles Times | 2012-04-30 00:00:00 UTC ]
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'Significant expansion' for Nook as Microsoft invests $300m

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[ The Bookseller | 2012-04-30 00:00:00 UTC ]
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Microsoft buys Nook stake; Barnes & Noble shares soar

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[ Baltimore Sun | 2012-04-30 00:00:00 UTC ]
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Apple Rakes in $11.6 Billion in Second Quarter Net Income

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[ Folio Magazine | 2012-04-26 00:00:00 UTC ]
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Market Transformation Equals Challenges and Opportunities: Content Services in India 2012

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[ Publishers Weekly | 2012-04-20 00:00:00 UTC ]
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BA to focus on high street challenge

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[ The Bookseller | 2012-04-13 00:00:00 UTC ]
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10 most challenged books on the American Library Association's 2011 list

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[ The Christian Science Monitor | 2012-04-10 00:00:00 UTC ]
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Surrey residents win library challenge

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[ The Bookseller | 2012-04-03 00:00:00 UTC ]
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Zell Company Seeks Part of Any Future Lawsuit Winnings Over Tribune Buyout

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[ Editor & Publisher | 2012-03-06 00:00:00 UTC ]
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Association Publishing Priorities, Challenges and Hot-Button Issues for 2012

The most pressing issues facing publishers today all stem from one central concern: To deliver relevant, targeted and in-demand content to readers where and whenever they want it, to break through the wall of information overload and determine what exactly that is—which seems to be expanding and... Continue reading at Folio Magazine

[ Folio Magazine | 2012-03-02 00:00:00 UTC ]
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Academic publishing facing "unprecedented challenges"

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[ The Bookseller | 2012-02-22 00:00:00 UTC ]
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US Online Ad Spending to Top Print by $5.7 Billion in 2012

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[ Folio Magazine | 2012-01-21 00:00:00 UTC ]
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German book retailer to restructure to face digital challenge

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[ The Bookseller | 2012-01-13 00:00:00 UTC ]
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Canadian Publishing 2011: Challenges and Changes

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[ Publishers Weekly | 2011-09-16 00:00:00 UTC ]
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Old Bookstores, New Challenges

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Internet Advertising Hits Record $7.3 Billion in First Quarter

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[ Folio Magazine | 2011-05-26 00:00:00 UTC ]
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