much more on that bloomberg-activision deal. -- microsoft-activision deal.s is bloomberg. ♪ and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. >> from the heart of where innovation, money, and power collide. in silicon valley and beyond, this is "bloomberg technology." with emily chang. emily: i'm emily chang in. san francisco. . this is "bloomberg technology." a 69 billion dollar deal. microsoft agreeing to buy activision blizzard and all past transactions for the third biggest gaming company.

microsoft buying activision/blizzard for $69 billion. activision is known for titles like call of duty, world of warcraft, and most of its games are already published on microsoft's xbox. hearing that, it sounds like it is a massive deal. how does it come together? >> it is microsoft's largest deal to date. certainly, it had not leaked out at all. it seems it came together at some point after thanksgiving. you might remember the wall street journal published allegations against activision's ceo for overseeing a company with not the best workplace culture. at some point after that story, the talks must have started, is what we understand. it hadn't been going on very long. last week, a company got acquired by take two. so they are really starting the year at a historical high. there's never been so much dealmaking than we have seen this year so far. emily: what will the antitrust scrutiny be? any deal of this size has to go through hoops. will microsoft run into some hurdles? >> the question is what regulatory bodies won't it go through.

activision has long been closely held.ve was larger than life, so these were problems that came in lately. microsoft has a long-term investment in gaming. another thing to think about, it is interesting to see the boutiques interested in gaming. we knew eventually this would be red-hot. i don't think people thought $70 billion red-hot. it is interesting the gaming deal comes as the first deal of this size since before the pandemic, when deals of this size were in the health care industry. how will this shape the deals of the future and the ability of companies to actually acquire things with the ftc's blessing? matt: interesting in some anyways because the content is so important. call of duty has to be one of the most important franchises for both xbox and playstation. i know a lot of kids spend a lot of money in that videogame. by the way, my gamer tag. the future of crypto, why this could be the your digital tokens become a critical asset in your portfolio. that is what they keep telling us. this is bloomberg. ♪ matt: t

it will be a challenge with activision. hopefully the commitment that microsoft has made in response to our proposal sets them on a better footing to bring activision in-house and to communicate what they are going to do anymore authentic and transparent way. emily: natosha lam, -- natasha lamb, thank you. coming up, my conversation with the ceo of crypt out.com -- of crypto.com. i also asked him about the advertisement with matt damon. >> we love him and we would love to do more stuff with him. i do not think he saw it -- fundamentally not supporting of the industry. they don't have the full view of the potential they have to improve in her eyes. -- in their eyes. ♪ emily: potentially millions in ethereum was lost after a hack. i spoke to the ceo who shared new details about what happened for the first time. kris: we are happy to get cybersecurity. a ton of professionals around the world who are building a very robust infrastructure. there are multiple players. in this incident, some of these leaders were breached. we very

activision with its own challenges, 9000 employees. we all know the name activision blizzard inc.is the idea of a profit-making giant like microsoft acting under the stresses that activision has. jonathan: activision rallying hard. microsoft down a little more than 2%. there could be a deal as soon as today. lisa: it really speaks to this idea of all of the cash some of these tech giants have and what they are going to do with them. it seems like microsoft shares are falling just a touch after the announcement as people try to figure out whether it will be a worthwhile acquisition. jonathan: that is the news from dow jones this morning. microsoft nearing a deal to buy activision. tom: and the overlay of sexual harassment issues activision, a tumultuous time right now. we will have some insight on that later today. right now, this is a really important moment. we are not going to talk about the markets. we are going to talk about the underpinning american economy. from jeffries, their chief financial economist. i love dear note, and the basic -- i loved your note, and the basic ide

microsoft buying activision.k about another deal that most likely jim is not going to happen but it is interesting. here i'm talking about glaxosmithkline, which is planning to still spin-off its consumer health care unit even though it's got a bid from unilever that would value it at roughly 20 times trailing ebita. and you can see what's happening to unilever. this is interesting. unilever shareholders are saying, are you crazy thinking you're going to pay that number? 20 times here's a barclays note we see the deal as being very complex to execute in normal times, let alone in the middle of a global pandemic management creditability is already an issue this deal will be hard to stomach given the many positive that is we also see. jim, you got that on one hand. shareholders saying, whoa, you want to pay that much? and then you got them saying no, thank you, we don't want this. because they think they can have this valued at even more than where unilever is willing to pay? >> i debated it. i'm thinking there's a

yeah, activision definitely has a problem with the reputation. there's no doubt about it and microsoft will probably hold. so i have to deal with that. what has happened actually in the past couple of months since those locations came up in the summer, the stock of activation blizzard had lost a good 30 percent in value. so microsoft might have cut and actually the chance to get activision blizzard a bit cheaper because of all of that. what went on in the past couple of months and what we're hearing at this point is that so far the ceo of activation visit is staying on. but once the deal might be completed sometime probably next year, then to see or could get replaced. and quarter a new or thank you so much. now, 18 t and verizon save. they are postponing 5 g rollouts near some airports planned for wednesday. that comes after us airline warns us airlines warrant of, quote, catastrophic disruption to travel when those services were switched on. airlines have said that the 5 g frequencies used in the u. s. could affect plain flight and statements,

today it's activision. last week it was take two and zynga.'s bring in wells fargo chairman global investment banking bob peck great to have you with us today. good morning. >> thanks for having me. >> i guess are you surprised at either the price or the aggressiveness of microsoft in the face of what we think is a tougher regulatory environment >> yeah. so first of all, as you know, carl, we're coming off a record m & a year almost 6 trillion in global deals that was done last year. all-time record. really beating the previous record in 2015 of about 4.5 trillion right? the u.s. also set a record doing 2.5 trillion in m & a deals as well d spacs helped a little bit being 600 billion of that as well but just record amounts of m & a being done last year and continuing going into 2022 this deal a big one already that we're seeing there's a couple different things that are driving this one is clearly still very affordable interest rates. when you look historically, great environment for that two, piles of cash on the sponsor's balance sheets in p

>> yes, so activision obviously is a big acquisition it's by far their largest acquisition. assuming that goes through, that will, you know, increase the gaming revenue mix into the teens. i think it's tough to say where does gaming evolve in five, ten years? i think there's a lot of interesting dynamics that can play out, you know, as you mentioned earlier, their game pass revenue kind of more of their subscription style gaming has been a big growth driver for the company and our thought is that with the activision suite of studios eventually that moves to a subscription model where we think they could potentially drive even higher revenue in terms of in-app purchasing and wherever this thing with the metaverse evolves to definitely interesting to watch but i like the direction it's headed more toward subscription, away from kind of the hardware console business, so we do think over time that gaming margins can increase >> tyler, you know, they talked a lot about pricing, clearly a run for pricing. nadella made the argument several times technology in his space is disinflat

guest: activision has so many popular franchises.ion, as you said, they become the third-largest gaming company by revenue worldwide. so absolutely, pending the deal's closure, it makes them a very serious player in that space. nick: and this deal is coming as activision faces multiple regulatory investigations into alleged sexual assault and mistreatment of female employees, going back years. yesterday activision fired some of its own executives following its own review of what transpired. give us a sense of what is happening in that company, and has microsoft indicated how it will handle it moving forward? >> activision is quite frankly in trouble with its culture at this point. it is facing three regulatory investigations. the state of california, the eeoc, the securities and exchange commission, we have reported about the mishandling and misconduct allegations, stock is down 3% from the last lawsuit about its culture last summer. so it was facing pressure from employees, from shareholders. so this is a really -- it is kind of a g

well, activision is, really, quite frankly in trouble with its culture at this point.s facing three regulatory investigations -- the state of california, the eeoc, the securities and exchange commission. we've reported about handling of some of the misconduct allegations. its stock is down about 30% from the first of the lawsuits about its culture last summer. so it was facing pressure from employees, from shareholders. so this is a really -- it's kind of, you know, a good solution, really, for activision, at this point. >> reporter: and based on your reporting, i mean, do you know what happens to activision's c.e.o. bobby kotick? he's led the company for more than three decades but there were allegations he was aware of complaints of harassment, misconduct and assault and neglected to share it with the board. >> that's right. that's actually what kind of led to microsoft's approach when they were in the middle of all this turmoil after our story came out. and, so, bobb■y actully is not expected to stay with the company after the deal closes. again, these deals can tak

it looks like microsoft will be buying activision blizzard activision blizzard shares have been haltshares down 2.78%. activision blizzard jumping all the way to where that deal is anticipated to happen at $90 a share. it closed at 69.49 on friday the company at that point with almost $51 billion market cap, this is a big deal, a very big deal, activision blizzard shares up by 37% up to $90 as i mentioned. microsoft shares coming under a little more pressure although we've seen them under pressure because of the higher yields you have seen in the treasury complex 301.55. still looking for the details of this again, it looks like this is news that's just coming out and just reading through some of the headlines on this, bobby kotic will serve as the ceo, reading through more news, this is hitting the wires right now microsoft will be acquiring activision blizzard for $95 a share this says in an all cash transaction valued at $68.7 billion. it's a big premium after about 45%. watching what happens with this and obviously there has been a lot of news, gentleman, coming out about activisi

in wonder whether activision's biggest rival will be fighting this.different regulatory bodies all over the world. in china, will this face regulation there? what about the eu? this is going to be a really drawnout, protracted review that we should be -- we could be watching for years, potentially. guy: this is about gaming, but also about the metaverse. how should we think about the metaverse from an antitrust point of view? we don't even know what it is yet. leanna: it has the sort of buzz word thing that regulators might want to look at because they know it will be in the headlines . halo has been online for a long time, being a virtual online multiplayer game. certainly, microsoft's role in the metaverse and how dominant it will be is going to be something on people's mind. kailey: the elephant in the room is that activision blizzard has been mired in somewhat of a cultural controversy as it relates to gender in the workplace, and yet the ceo is staying in his role. is that just for the acquisition, or is that a long-term microsoft bet on the comp

what does microsoft see an activision was it here? we're paying almost $70000000000.00. just a massive deal. i mean, take those roughly $70000000000.00. that is almost 10 times the revenue activity blizzard made to for the entire year of for 2020. but clearly the gaming industry is growing and what companies to try to achieve in general is to get more content and just held subscriptions to the users. for example, in the case of microsoft with the x box, you need to monthly game paths. and if you want to play online games and now the content off the an activision, that would be a gift for microsoft even more growth in that area. so yeah, and we already have heard that this will make microsoft a really a tightened in the video gaming industry. are us regulators going to let that slide or they're going to be competition concerns here? yeah, well that is a big question. i mean, in the past, microsoft somehow sale to under the radar companies like facebook for instance, or an amazon so much more through the from regulators some having that set just here. on monday, the depart

and that's why the activision was such a strong asset. now you look at apple, you look at amazon, google, facebook, they can't really go after big game and a given the anti trust environment. i mean microsoft by nuance, now they be this acquisition. so i think for adela recognize it was a window of opportunity not just for the gaming piece book for the matter verse. now whenever it comes to, you know, sort of adopting the multiverse. i know whenever facebook and else that they were changing their company name to matter, we all kind of laughed at it. but do you see it is something that is really going to catch on and something that everyone is going to continue to want to be a part of? what i think there's a mind is ation opportunity in the matter verse over the next 5 to 7 years at a 1st. it's probably gaming in terms of where we'll see that play out. but i think for facebook, i mean that's something where the monetization continues. these social media and digital advertising as being met adverse over the next code, 5710 years. it's going

now you mentioned the timing of all of this was this case were activision essentially was in a position where they needed to sell due to the allegations and the lawsuit and the fact that some companies were reluctant to work with them and did microsoft suite. and that deal by paying a premium for the company. yeah, it's a great question. activision clearly had their back against the wall, noting the necessarily needed to sell. but, but clearly the stock was under a lot of pressure. and from a microsoft perspective, i mean, once they sort recorded activision paying that price, i think the one thing after memory, this is down significantly from tricky to we cause. so i think microsoft ultimately got one called a steel, but something that is going to be a creative to earnings. and if you look at content right now and gaming and step back, it's an arm series going on in content streaming, especially on the met adverse activision, had a unique assa, you could call doing those franchises. and that's i think for red men, it was time to hit the bid and go out this deal. well, absolutely, and i

activision blizzard has been at the _ war games.of— war games. activision blizzard has been at the centre of a _ war games. activision blizzard has been at the centre of a storm - war games. activision blizzard has| been at the centre of a storm after numerous complaints worked out in protest after sexual harassment claims and an allegedly toxic environment. the company ceo apologised and took a pay cut. but what does it mean for the gamers? at the moment microsoft's xbox consoles are lagging behind the sony playstation in terms of sales and by buying call of duty and the company behind it, microsoft are fighting back by winning more and more exclusive rights. the question many players want to know now is will they restrict their rival�*s access to these major titles? like many of the games themselves, tech companies are fighting their own battles. but for content, and gaming is fast becoming the most lucrative market in entertainment. the time is 6.17pm our top story this evening. the prime minister has denied categorically that a

microsoft buys activision-blizzard.

the stocks are top performers in the s&p after microsoft's surprise bid for activision, the latest onhe deal, on whether it will face publishback and whe it leaves the competition. >>> and with another bad earnings day, we will look ahead to the companies reporting tomorrow to see if the selling trend can and will continue. first, the latest on the sell-off, dom chu with numbers >> in certain parts of the market we are heading to session lows right now but you see a redominant sea of red behind me. energy is the least decliner meanwhile, the worst is the financial sector we will get more to that in a moment interest rates playing a big part of the story, but kelly mentioned the 200-day average on the nasdaq composite still 2.25% declines for the nasdaq 14,556 the last trade. 90 handles to the downside for the s&p 500. if you look within the overall picture of what is happening with rates, it is having an impact on thefinancials, yes, but also in the homebuilders as well kelly mentioned interest rates for long term government debt at two year highs, also near two-year highs for 30-year

so what did microsoft see in activision that others didn't?and the rapid fire tonight's edition of the lightning round so stay with cramer! excuses happen. what? it's too windy. but with a huge selection of wellness support products for nutrition, sleep, immune systems and energy, cvs can help them happen a little less. the living room slash yoga shanti slash regional office slash... and this is the basement slash panic room. maybe what your family needs is a vacation home slash vacation home. find yours on the vrbo app. is a vacation home slash vacation home. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. ♪ ♪ >>> we talked about the insanely competitive online sport business where players offer expensive promotions to gain market share i'm worried about the business for the moment because there are simply too many companies compete for example customers and i t

activision blizzard ceo bobby kotick expected to leave the role joining us to discuss the landscape at large and i was wondering if you were lisening to the lina khan interview and talk about the regulatory side of this because it is a big acquisition for the microsoft-activision blizzard deal >> your previous guest was saying this, as well, the tech world in particular is the most dynamic it's ever been in history. and for tech players, in a way, they have to skate where the puck is going rather than where it is now. this has regulatory and legal implications it creates a very delicate balance between tech players being strategic verse overplaying that hand. so put it another way, it's very hard to prove the difference between healthy competition versus unlawful, monopolistic behavior especially when you look at that on a global scale you know, we work with a number of these large tech players and i can tell you that they are very sensitive to these issues they take a great deal of care when they're identifying these potential targets and the key is to develop a point of view where no

made by us company activision blizzard, the studio which has 400 million people playing every month inng fan base is one of the reasons that microsoft, now itself a veteran tech firm, have swooped — paying over £50 billion for the company, the largest acquisition in gaming history. but why? more and more companies are looking at ways to either break into or expand their gaming strategies. even netflix is doing the same thing, where they have launched a gaming footprint specifically around mobile games. activision blizzard has been at the centre of a storm after employees walked out in protest after numerous sexual harassment claims and an allegedly toxic environment. the company's ceo apologised and took a pay cut. but what does this mean for gamers? at the moment, microsoft's xbox consoles are lagging behind sony's playstation 5 in terms of sales. by buying call of duty and the company behind it, microsoft are fighting back by owning more and more exclusive rights. the question many players want to know now, though, is, will they restrict their rival�*s access to these major titles? l

activision is already a huge game share. at this deal and what it means in terms of competition across the industry. shery: a look at microsoft and sony as well. here's a quick check of the latest business flash headlines. bhp group is positioning itself a return to large-scale m&a. the world's biggest miner has expanded its steelmaking team and is interested in pursuing a transformational acquisition. they are evaluating rivals including glencore. there's no indication that it's preparing any bids. the company is in the process of exiting oil and gas and has plans to collapse its london listing. citigroup is said to be in advanced talks with taiwan for sale of its consumer business in mainland china. sources say they have emerged as the likeliest buyer after a bidding rivalry and an agreement could be signed in the coming weeks. we are told citigroup's assets could be valued at about $1.5 billion. we are just over half an hour away from the open in hong kong and mainland china. tech once again and focus after voters report

microsoft, activision, huge story today. it was by far the better performer than microsoft and then the bid itself as well as the sell-off in microsoft with the big cap nasdaq stocks has brought them closer together in terms of 15-year performance back 20 years activision is up of course coming off a low base and now going to get swallowed into a company for which it is only about 3% of the market cap, microsoft that is. well over 2 trillion in market cap. >> wow amazing how tiny that seems when it's a $70 billion deal. on the prove up in yields, did anything trigger it? because overnight china cut rates and this morning new york manufacturing weaker than expected is it just still the focus on the fed with some of the economic data coming in weaker >> i think it's certainly the fed. the more time we have to the fed meeting when the fed is going to actually officially speak the more time there is for hedge fund managers to say the fed has to go 50 basis points in january and somebody believes it the yield did not come in afte

su: $69 billion activision acquisition was indeed a key focus. there were no new comments.ting that it looks like activision is going to be releasing its next three or more "call of duty" franchise releases to both sony playstation, as well as the microsoft xbox. apparently, according to people close to the matter, these were before the acquisition was announced, and that there is going to be an attempt to honor them, the cfo not addressing any questions about that. there's really nothing new to report, but did talk up the strength of the quarter and th eir optimistic outlook. pc demand was strong. surface and xbox supplied not really affected by those souls skull supply chain issues that we heard about -- so-called supply chain issues that we heard about. windows operating system software so to pc's, many corporate pcs, roast to 25%. -- rose to 25%. so a strong analyst report. and concern looking ahead to the u.s. wednesday session. it may not be good enough. investors were tending to look at glass half empty than glass half-full right now. paul: all right, bloomberg's su

it's planning to buy activision blizzard for almost $70000000000.00. it's largest ever acquisition. the company posted this image showing whatever get for its money. popular games like call of duty diablo and star craft. the move would put microsoft in a leading position in a statement. microsoft says it will have 30 game development studios along 5 publishing and east sports. for the buyout has raised some questions, particularly in light of an abuse scandal at activision blizzards. it was hit with staff wall counts and protests that it's california based last summer. it was sued by a state agency which accused it of being a breeding ground for harassment and discrimination against women to steal would have even been on the table if this hadn't happened, or the company was valued at actually more than what they, what this purchase price would be about a year ago, but i, i suspect a lot of what's been going on has been sort of eating away at their valuation. so it on some level, it sort of set up the, the are the ability for this purchase to go through many of the queues activision

the takeover of activision blizzard is the biggest deal ever by the technology giant.

company activision blizzard, it has more than 400 million people playing every month and 190 countriesof young fan base is one of the reasons microsoft, now a veteran tech firm, have swooped, paying over 50 billion pounds for the company. the largest acquisition in gaming history. but why? >> more and more companies are looking at ways to break into or expand their gaming strategies. even netflix is doing the same thing, they have launched a gaming footprint specifically around mobile games. >> activision blizzard has been at the center of a storm after employees walked out in protest after numerous sexual harassment claims and an allegedly toxic environment. the companyeo apologized and took a pay cut, but what does this mean for gamers? at the moment, the xbox consoles are lagging behind sony's playstation 5 in sales. by buying call of duty in the company behind it, microsoft are fighting back by owning more and more exclusive rights. the question many players want to know is will they restrict access to these major titles? like many of the games themselves, tech companies are fighti

the takeover of activision blizzard is the biggest deal ever by the technology giant.

activision blizzard listed for $6.9 billion. $95 a share.part of microsoft's push to add a growing platform of games. rishaad: let's look at what is going on market wise. we're looking toward the lunch break there in tokyo. currently the situation is the nikkei to 25 coming down, 1.8% at the moment. against a backdrop of continued yen weakness. we also have an play various restrictions on movement in the capital of tokyo and that's also playing out with negative sentiments that seem pervasive there in japan. we and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. every day in business brings something new. so get the flexibili

the takeover of activision blizzard is the biggest deal ever by the technology giant. welcome to our look ahead to what the papers will be bringing us tomorrow. with me are the journalist and times radio presenter jenny kleeman and also the political commentator and former conservative party press chief, giles kenningham. welcome to both of you. good to have you with us. let's start with the front pages, which i think will be of particular interest to them and any of you who are political enthusiasts. the telegraph who are reporting that plan b coronavirus restrictions are set to be scrapped as the pm faces a plot to call a vote of no confidence from rebels in his party. the metro has a picture of the prime minister looking glum as he's questioned over whether downing street parties broke covid rules — under the headline "nobody told me". on the front page of the guardian is a report on the clamour to oust the prime minister — they also report plan b restrictions will be eased on the 26th of january. buy game—maker activision blizzard the ft focuses on microsoft's bid

it's been rough as the markets are tumbling, microsoft is answering a call of duty buying activision blizzard is $69 billion history making deal in our floor show traders are ready to discuss it all plus the disguise the airlines versus the telecom over 5g we will have a live report from chicago o'hare of the major carriers calling a catastrophic aviation crisis about to unfold in one days time. real estate reality it is still a sellers market big time but could the fed rate hikes shift the dynamic in the coming months will ask executive chairman howard, fox business exclusive. i am cheryl casone he i am in for liz claman, let's go through the countdown everybody. >> this is a rude awakening for traders and for all of you at home you're just getting back to work after three-day holiday weekend yet the computer off now were looking for a touchdown and we were looking for a touchdown goldman sachs missed the analyst for the fourth quarter numbers operating expenses search 23% on increased pay for wall street workers the good ipo numbers and still have good m&a. investment banking was d

microsoft announcing the $69 billion acquisition of activision blizzard.y get access to candy crush, the full gamut, but also you have to look at this and galaxy brain on you, it's a play on the metaverse. a lot of us don't understand what the metaverse means for us. gaming is a natural way to start, and we'll see what ore potential comes from there. jack: interesting reactions. sony got absolutely hammered, but activision shares are at in this point nowhere near the offer price which means the market thinks maybe deal won't happen. i guess they're worried the ftc could say no merger. >> exactly. so on the sony front, they have call of duty, but the concern there is, okay, if this deal goes through, are we going to have a competition issue with microsoft. will we still have that. now, also, we have the biden administration, they're making -- taking a close look at m&a. microsoft has been out of the regulatory doghouse for 20 years, but when you're spending about $70 billion or so to buy other companies, regulators are going to be watching. they're going to

activision has been facing all sorts of controversy over the past few months. lot of people expected, including me, expected the ceo to step down after a bombshell wall street journal report in november accused him of misconduct, that he was aware of all the misconduct going on, but he has made it. there will be more to come. there will be more news coming out of their and it will all be on bloomberg. one thing i am looking forward to as we move ahead into 2022 is the annual shareholders meeting, which usually takes place around june. that's when shareholders will decide, do we want to reelect the current board of directors who are all his friends? i am interested to see what comes of that, what happens if a new board is elected, how the ceo position is handled after that. emily: we will make sure to watch your reporting on it. coming out, facebook parent meta is going bigger in texas. details on metas plan to take over half of a 66 story tower in austin, next. this is bloomberg. ♪ emily: intel is on the brink of losing its status as the world's largest chipmak

but it from activision or microsoft's 10 points for smart. all right.ou talk to a subscription services. >> everyone who's anyone has a netflix subscription, whether or not i'm using my dad's is kind of a moot point at this point know the price is going >> i've got a great netflix story. i can't on once would don't videos. he hung up on me. i think that 200, 13 million worldwide subscribers. 74 million in america. they're jumping the plan from 8.99 a month 9.99. a from 39 to 9 to 15. 49 and 17. 99 up an extra 2 bucks. get hdr 1999. a month starting to get feeling like cable prices. but how many shows do you watch how shows that i watch last yearsand some of them were just brilliant. yeah. kids love lost in space. i love squid games that we as a family watch stranger things. a cobra kai. so on the content costs, money makes sense that they're raising prices. but at some point in time, there will be pushed back. that's why they're getting video games, which ties back to the microsoft activision story and a lot of intellectual property at on netflix starti

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it's probably bad for gamers as far as competition but if from activision or microsoft's 10 points for smart. all right. well, you talk to a subscription services, everyone who's anyone has a netflix subscription, whether or not i'm using my dad's is kind of a moot point at this point know the price is going >>i got a great netflix story. i can't on one. so that adult he hung up on i think that 200, 13 million worldwide subscribers. 74 million in america. >>they're jumping the plan from 8.99 a month 9.99. a from 39 to 9 to 15. 49 and 17. 99 up an extra 2 bucks can hdr 1999 a month starting to get feeling like cable prices bait. how many shows do you watch shows that i watch last year and some of them were just brilliant. yeah. kids love lost in space. i love squid games that we as a family watch stranger things. a cobra kai. so on the content costs, money makes sense that the reason prices, but at some point in time, there will be pushed back and that's why they're getting video games, which ties back to the microsoft activision story and a lot of intellectual property at i net 6 start

made by us company activision blizzard, the studio which has 400 million people playing every month ine is one of the reasons that microsoft, now itself a veteran tech firm, have swooped — paying over £50 billion for the company, the largest acquisition in gaming history. but why? more and more companies are looking at ways to either break into or expand their gaming strategies. even netflix is doing the same thing, where they have launched a gaming footprint specifically around mobile games. activision blizzard has been at the centre of a storm after employees walked out in protest after numerous sexual harassment claims and an allegedly toxic environment. the company's ceo apologised and took a pay cut. but what does this mean for the gamers? at the moment, microsoft's xbox consoles are lagging behind sony's playstation 5 in terms of sales. by buying call of duty and the company behind it, microsoft are fighting back by owning more and more exclusive rights. the question many players want to know now, though, is, will they restrict their rival�*s access to these major titles? like ma

activision gives them a lot.gives them a big presence in mobile, a much bigger first-party catalog they can leverage along game pass and streaming over time. really the streaming in metaverse, whenever that comes to pass, three, five years, microsoft has a very key side whether it's cloud, and activision adds an element and bulks up what it has it's going to be an important narrative whenever it closes at some point next year. >> kirk materne, appreciate it kirk, have a great day. >> thanks, brian. >>> certainly, microsoft is a big deal, but perhaps no stock is as important to the overall market as tesla, not because it's so big -- it is -- but because of so many options and deriver actives are linked to tesla's stock. so in many ways as tesla goes, so goes a big part of the market the options market too shares hit with the rest of the market, too, by the way. tesla down 13% let's bring in philippe. what are the key numbers and maybe key comments that we could expect or want to hear from elon musk and tesla tonig