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and watchdog block the deal between microsoft and activision blizzard. is morning, microsoft stock seems to be getting rewarded, up 7% versus the 9% decline for activision. this brings us to the question of the day. is big tech too big to do big deals and is that a good thing? joining us now is ann berry, threadneedle founder and managing partner. thank you for being with us and it doesn't seem the market is too upset by the prospect of this deal going through, at least for microsoft. is this a sign that mark -- investors would rather microsoft spend money in a different way? >> -- focusing on cost containment and doubling down in areas like ai that has captured the imagination of the markets. the market is saying, microsoft, keep doing what you are doing. guy: activision felt like it was a deal that was targeted towards the metaverse. if i listen to the call last night, it was about ai. can microsoft grow in ai without doing deals? are these big tech companies going to be constrained by regulators when they point themselves towards ai? ann: microsoft and
and watchdog block the deal between microsoft and activision blizzard. is morning, microsoft stock seems to be getting rewarded, up 7% versus the 9% decline for activision. this brings us to the question of the day. is big tech too big to do big deals and is that a good thing? joining us now is ann berry, threadneedle founder and managing partner. thank you for being with us and it doesn't seem the market is too upset by the prospect of this deal going through, at least for microsoft. is this a...
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Apr 26, 2023
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shares of activision blizzard down 11%.icrosoft was actually up 7% because of stronger-than-expected earnings, and that helped the nasdaq at the close. we saw the dow jones and s&p 500 drag down by shares of first republic bank, which lost a further 30% following tuesday's 50% slide. authorities and other banks are in talks to help stabilize the litter after it revealed customers had withdrawn $100 billion -- help stabilize the lender. major european indices closing lower. the european union has agreed on a deal to set binding targets to the carbonates the aviation sector by forcing airlines to use more sustainable biofuel. flights taking off from you airports will have to run with at least 2% sustainable fuel mix with kerosene starting in 20 25. that threshold will gradually be increased to 20% in just over a decade and 70% by 2050. the eu will also start assigning flights and eco-label corresponding to its carbon footprint. aviation accounts for just over 2.5% of global co2 emissions. this seems one of the most challengin
shares of activision blizzard down 11%.icrosoft was actually up 7% because of stronger-than-expected earnings, and that helped the nasdaq at the close. we saw the dow jones and s&p 500 drag down by shares of first republic bank, which lost a further 30% following tuesday's 50% slide. authorities and other banks are in talks to help stabilize the litter after it revealed customers had withdrawn $100 billion -- help stabilize the lender. major european indices closing lower. the european...
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Apr 26, 2023
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shares of activision blizzard sharply lower after uk regulators blocked its deal with microsoft. ill be on "squawk box" tomorrow. you own this in the etf. >> if you own the stock, what you have to do is value the stock based on the fundamentals of the stock and that's why the company was very quick to release their earnings you see the deal spread right now as wide as $17.50. a very low probability that the deal gets done microsoft will appeal this deal. most likely they will lose that. they're still in the summer, the european union and the federal trade commission have to weigh in on their opinion of this case this is a $3 billion breakup fee for microsoft as well in regards to this. i think it falls collectively back upon activision blizzard and what the fundamentals purely look like there. >> is microsoft better off without activision blizzard, kari what do you think? >> the market seems to think so. that's part of the reason it's up >> do you? >> to be in the game producing business, which is cyclical and has all of the creative content problems that being in the entertainmen
shares of activision blizzard sharply lower after uk regulators blocked its deal with microsoft. ill be on "squawk box" tomorrow. you own this in the etf. >> if you own the stock, what you have to do is value the stock based on the fundamentals of the stock and that's why the company was very quick to release their earnings you see the deal spread right now as wide as $17.50. a very low probability that the deal gets done microsoft will appeal this deal. most likely they will...
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Apr 26, 2023
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is delivering a huge blow to microsoft. $69 billion on the game maker activision blizzard. you can see the impact in the stock. more reacting to the numbers, but activision, look how the teams are repositioning around this. it is down 11 percent. the question of the day is a straightforward one. it is big tech too big to do big deals, and is that a good thing. bloomberg intelligence, and a bloomberg executive editor for legal joining us now. i will start with you. the implications of this from a stock point of view -- then we will talk about the legal side of things. big tech is struggling to do big deals, but investors don't seem phase. is this deal not going ahead a good thing? >> i don't know if it's a good thing in the long run, but it does tell us that the regulatory environment we are living in, big tech companies, we should not be thinking about having a more active m&a, and that is the big message. what it means is whatever cash you have, you should deploy it in the form of dividends or buybacks, the biggest portion at this point. >> ok. if we are thinking about wha
is delivering a huge blow to microsoft. $69 billion on the game maker activision blizzard. you can see the impact in the stock. more reacting to the numbers, but activision, look how the teams are repositioning around this. it is down 11 percent. the question of the day is a straightforward one. it is big tech too big to do big deals, and is that a good thing. bloomberg intelligence, and a bloomberg executive editor for legal joining us now. i will start with you. the implications of this from...
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Apr 27, 2023
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regulator knocking down the 69 billion dollar deal between microsoft and activision blizzard. hat note, let's go out to san francisco where we are joined by the activision ceo, bobby kotick. ed, over to you. ed: welcome to bloomberg television and radio audiences worldwide. we are joined by the activision blizzard ceo, bobby kotick. good morning. bobby: good morning, thank you for taking the time to have me. ed: thank you for joining me. we will talk about earnings and video games which you and i share a passion for, but we will talk about microsoft's purchase of activision. in the united kingdom, there will be a judicial review process and it will look at whether the cma acted illegally or with procedural impropriety or irrationally. my question is, will you and microsoft extend the deadline on the purchase agreement beyond july so that process can take place? bobby: right now but we are focused on is preparing our po and as you know, the tribunal is going to focus on the characteristics of the report that you described. it clearly is an irrational conclusion and we have every
regulator knocking down the 69 billion dollar deal between microsoft and activision blizzard. hat note, let's go out to san francisco where we are joined by the activision ceo, bobby kotick. ed, over to you. ed: welcome to bloomberg television and radio audiences worldwide. we are joined by the activision blizzard ceo, bobby kotick. good morning. bobby: good morning, thank you for taking the time to have me. ed: thank you for joining me. we will talk about earnings and video games which you and...
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Apr 26, 2023
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loved by millions, made by activision blizzard, wanted by microsoft. to encourage more players to choose its devices and services in the years to come. this deal, though, is on life support, all because it has been judged by the cma to reduce innovation in the fast developing cloud gaming market. the theory is that cloud gaming will eventually become the kind of de facto distribution, you know, way that games are distributed to the end—user, streamed to the end user like we do when we watch netflix videos. the news has not gone down well, with activision saying in a statement that the uk was clearly closed for business. microsoft added that the cma had a flawed understanding of the market. they will now appeal. microsoft's xbox console may be lagging behind sony playstation in terms of sales but the company does have a big presence in cloud gaming. we didn't want a situation where the current dominant most powerful platform in cloud gaming purchased an important input to its competitors and therefore undermined that growth. the deal needs approval in t
loved by millions, made by activision blizzard, wanted by microsoft. to encourage more players to choose its devices and services in the years to come. this deal, though, is on life support, all because it has been judged by the cma to reduce innovation in the fast developing cloud gaming market. the theory is that cloud gaming will eventually become the kind of de facto distribution, you know, way that games are distributed to the end—user, streamed to the end user like we do when we watch...
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Apr 27, 2023
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but activision blizzard. right? but the activision blizzard. right?g into getting it out tnere— not looking into getting it out tnere ente— not looking into getting it out there onto like— not looking into getting it out there onto like a— not looking into getting it out there onto like a switch or some etner. — there onto like a switch or some etner. t— there onto like a switch or some etner. t mem— there onto like a switch or some other. i mean, isn't— there onto like a switch or some other. i mean, isn't the- there onto like a switch or some other. c other. i mean, isn't the issue here, as activision blizzard says, it's going to damage the image of this country , the uk, image of this country, the uk, as being a friendly country to these large this is the difficult image of the competition markets authority. they think that they are they tntnt— they think that they are they tntnt tnat— they think that they are they think that they're stopping a menenety— think that they're stopping a monopoly operation. yeah. yeah but monopoly operation. yeah. yeah
but activision blizzard. right? but the activision blizzard. right?g into getting it out tnere— not looking into getting it out tnere ente— not looking into getting it out there onto like— not looking into getting it out there onto like a— not looking into getting it out there onto like a switch or some etner. — there onto like a switch or some etner. t— there onto like a switch or some etner. t mem— there onto like a switch or some other. i mean, isn't— there onto like a switch...
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Apr 26, 2023
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but activision blizzard. right? but the activision blizzard. right? getting it out were— not looking into getting it out tnere ente— not looking into getting it out there onto like— not looking into getting it out there onto like a— not looking into getting it out there onto like a switch or some etner. — there onto like a switch or some etner. t— there onto like a switch or some etner. t mean— there onto like a switch or some other. i mean, isn't— there onto like a switch or some other. i mean, isn't the- there onto like a switch or some other. c other. i mean, isn't the issue here, as activision blizzard says, it's going to damage the image of this country , the uk, image of this country, the uk, as being a friendly country to these large this is the difficult image of the competition markets authority. they think that they are they tntnt— they think that they are they tntnt tnat— they think that they are they think that they're stopping a nenenety— think that they're stopping a monopoly operation. yeah. yeah but monopoly operation. yeah. yeah tut w
but activision blizzard. right? but the activision blizzard. right? getting it out were— not looking into getting it out tnere ente— not looking into getting it out there onto like— not looking into getting it out there onto like a— not looking into getting it out there onto like a switch or some etner. — there onto like a switch or some etner. t— there onto like a switch or some etner. t mean— there onto like a switch or some other. i mean, isn't— there onto like a switch or...
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Apr 27, 2023
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ed: activision blizzard ceo, in the u.k. there is a judicial review process.lthough judge can do is look at the cma action and see if they acted in a way that was a rational and procedurally incorrect. they cannot actually look at the market merits. caroline: this is what makes it so important. one academic talking about how post-brexit, cma is really decisively making itself a clear competition enforcer. talking about preventing entrenched market power that stops and prevents competition overall. there is a tension that the u.k. is some way stifling innovation. but notable from not one, but now three female leaders of these competition commissions in the eu and u.s. and u.k. ed: in the context of the u.k., the cma was focused on cloud gaming. i asked bobby about that, he said it is an inconsequential part of the business, which is fascinating. microsoft is going big on cloud gaming, transitioning the xbox from console to cloud, bobby thinks it is inconsequential. that was a surprise out of the interview. caroline: that seems to be the focus, it is a real driv
ed: activision blizzard ceo, in the u.k. there is a judicial review process.lthough judge can do is look at the cma action and see if they acted in a way that was a rational and procedurally incorrect. they cannot actually look at the market merits. caroline: this is what makes it so important. one academic talking about how post-brexit, cma is really decisively making itself a clear competition enforcer. talking about preventing entrenched market power that stops and prevents competition...
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puts microsoft $7 billion takeover of activision blizzard in jeopardy.is bloomberg. ♪ [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. >> in order to win the appeal, microsoft has to show that the u.k. authority had no legal basis. it cannot win the appeal by saying it is a lousy decision. this would be better for everybody. clearly, they have some legal basis. kriti: this is bloomberg markets. eric gordon earlier on bloomberg speaking about the u.k.'s decision to block the biggest ever gaming deal, it is also the hour. they vetoed microsoft proposed 69 billion dollars takeover of activision blizzard, both companies pledged to appeal the decision. for more, let us ring in jennifer. it is not a surprise, antitrust and tech goes hand in hand. it is an environment globally were big tech is not allowed to make the acquisitions it was allowed to make five or 10 years ago. walk us t
puts microsoft $7 billion takeover of activision blizzard in jeopardy.is bloomberg. ♪ [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. >> in order to win the appeal, microsoft has to show that the u.k. authority had no legal basis. it cannot win the appeal by saying it is a...
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Apr 26, 2023
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activision blizzard, they own call of duty, which is one of the big headline games in the gaming industryintendo, but they wouldn't be able to access those. now, in responding to this inquiry ljy now, in responding to this inquiry by the cma, microsoft said that they would allow the other platforms to continue to access those titles, they said they had put in place different processes which would keep the competition going, but the competition and markets authority is saying that is not the case. for now, alasdair _ saying that is not the case. for now, alasdair keane, thank you, it is good to get your thoughts. 0ur reporter there. is good to get your thoughts. 0ur reporterthere. let's is good to get your thoughts. 0ur reporter there. let's take you to the us. in the us, trading in shares of the struggling first republic bank have been temporarily suspended. the bank's stock fell by 39% percent earlier today to a record low, prompting the market authorities to intervene, citing volatility. this comes after news that hundreds of billions of dollars had been pulled from the firmament last m
activision blizzard, they own call of duty, which is one of the big headline games in the gaming industryintendo, but they wouldn't be able to access those. now, in responding to this inquiry ljy now, in responding to this inquiry by the cma, microsoft said that they would allow the other platforms to continue to access those titles, they said they had put in place different processes which would keep the competition going, but the competition and markets authority is saying that is not the...
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Apr 27, 2023
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but activision blizzard. right? but the activision blizzard. right? uk, as being a friendly country to these large this is the difficult image of the competition markets authority. they think that they are they bnbnk— they think that they are they bnbnk bnee— they think that they are they think that they're stopping a nenebebn— think that they're stopping a monopoly operation. yeah. yeah but monopoly operation. yeah. yeah bwb wneb— monopoly operation. yeah. yeah but what they're— monopoly operation. yeah. yeah but what they're actually doing is but what they're actually doing be bnen-ee — but what they're actually doing is they're kind— but what they're actually doing is they're kind of— but what they're actually doing is they're kind of stopping a gene— is they're kind of stopping a gene been — is they're kind of stopping a game from getting out there and it game from getting out there and bb beeke— game from getting out there and bb beeke bbke— game from getting out there and it looks like they're being eeebbn— it looks like they're being eeebbn nee
but activision blizzard. right? but the activision blizzard. right? uk, as being a friendly country to these large this is the difficult image of the competition markets authority. they think that they are they bnbnk— they think that they are they bnbnk bnee— they think that they are they think that they're stopping a nenebebn— think that they're stopping a monopoly operation. yeah. yeah but monopoly operation. yeah. yeah bwb wneb— monopoly operation. yeah. yeah but what they're—...
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Apr 26, 2023
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the two-year down below and the ten-year regulators moving to block microsoft of video game activision blizzardgaming market in a statement activision said z global innovators will take notice rich, my joke was before we came back, if the u.k. ever has two new decent companies trying to do something, maybe we'll block them but that probably isn't likely any time soon but what's the deal here >> look, i think there's a bigger problem just globally we're seeing more and more transactions being blocked of companies that don't really seem wad bad for consumers. it is a nascent market even today. this transaction is not anti-consumer. i think the market definition that regulators are using and have looked to both to the u.s. and abroad are just flawed we'll see. it's going to be interesting what happens from here but the market definitions and the fear of restriction of competition just seem completely unfounded it's just, you know, just again very, very disappointing >> rich, we've seen this movie before, not necessarily in the u.k. but in the eu and in socialism land, they don't care about consume
the two-year down below and the ten-year regulators moving to block microsoft of video game activision blizzardgaming market in a statement activision said z global innovators will take notice rich, my joke was before we came back, if the u.k. ever has two new decent companies trying to do something, maybe we'll block them but that probably isn't likely any time soon but what's the deal here >> look, i think there's a bigger problem just globally we're seeing more and more transactions...
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Apr 27, 2023
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we have cfo of eli lilly and activision-blizzard ceo bobby kotick and what it means for the appeal and future of the company. and then house speaker kevin mccarthy in the debt ceiling debate and fight you are watching it all on "squawk box" on cnbc >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. save hundreds a year over t-mobile, at&t and verizon. talk to our switch squad at your local xfinity store today. >>> we are watching shares of first republic this morning. up 3.5% or 20 cents. the regional bank fell 30% in yesterday's session after falling 50% in the session the day before it was halted 16 times at the nyse yesterday because volatility thresholds were tryin triggered. the stock i
we have cfo of eli lilly and activision-blizzard ceo bobby kotick and what it means for the appeal and future of the company. and then house speaker kevin mccarthy in the debt ceiling debate and fight you are watching it all on "squawk box" on cnbc >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited....
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Apr 1, 2023
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microsoft is looking to buy activision blizzard, which king is a part of, and microsoft says it wantsare excited about the merger. i mean, microsoft has said, like you said, that they are interested in expanding more in mobile, and at king, that's where our home is. and, like, we have 233 million players in oh, monthly players in 04 in mobile. so it would be interesting to partner with them and see what we can do together. where does artificial intelligence fit with king? it's something that we looked at for years, and the acquisition of the swedish company peltarion is strengthening that with talent and experience and some of the technology that they also can bring. and they're now integrated with our team, and we're looking to build, like, an ai hub, like a centre of excellence inside king. do you think a! will be creating games for us? not in the near—term, forsure, but, like, it is a very useful tool. there's a lot of lay—offs going on, aren't there, in big tech in the us? are you finding more people are knocking on the door? we're seeing a change, and of course we notice a bit of
microsoft is looking to buy activision blizzard, which king is a part of, and microsoft says it wantsare excited about the merger. i mean, microsoft has said, like you said, that they are interested in expanding more in mobile, and at king, that's where our home is. and, like, we have 233 million players in oh, monthly players in 04 in mobile. so it would be interesting to partner with them and see what we can do together. where does artificial intelligence fit with king? it's something that we...
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competition regulator has blocked. microsoft's planned, $69000000000.00 take over video game maker activision blizzard. the company behind games like call of duty would be microsoft biggest ever acquisition antitrust watchdog fears, microsoft would keep activision games off competing cloud gaming platforms. u. s. air condition, a giant carrier is making a big investment in green heating, it's buying the heat. pump division of germany is this man for $12000000000.00. a pumps is seen as a key way of making heating more climate friendly. they take over his res, concerns in germany, though about foreign control of an important technology. ukraine's economy is expected to grow 1.6 percent this year, according to the vienna institute for international economic studies. last year g, p tumbled 29 point one percent is millions, flat the country and production was halted and the war and improving business environment energy supply, the grain deal and 8 are hoping the mccraney and economy and the european union has agreed a deal to set binding targets for airlines in the block to increase their use of sustainabl
competition regulator has blocked. microsoft's planned, $69000000000.00 take over video game maker activision blizzard. the company behind games like call of duty would be microsoft biggest ever acquisition antitrust watchdog fears, microsoft would keep activision games off competing cloud gaming platforms. u. s. air condition, a giant carrier is making a big investment in green heating, it's buying the heat. pump division of germany is this man for $12000000000.00. a pumps is seen as a key way...
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Apr 26, 2023
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breaking this morning uk is blocking microsoft 70-billion-dollar acquisition of video game activision blizzard a blow for giant microsoft says remains fully committed and will appeal this decision, they are committed to a -- deal with activision take a look at stocks activision blizzard down better than 11% microsoft shares up almost 8%, meanwhile, this, whose speaker kevin mccarthy efforting a vote on gop debt ceiling bill as soon as today or tomorrow texas congressman joined me earlier, tell me he was optimistic about this bill, watch. >> right now i support the bill, i think that i think we're going to get there this is really important we've got to get something on the table to send over to senate, side of the -- of congress so we can begin to negotiate with the president as well who was refused to come to the table and negotiate. maria: congresswoman kat cammack joined me a moment ago unwilling to tell us that she is a definite yes, the congressional budget office estimating the cut deficit 4.8 billion dollars next 10 years cbo scored this last night president biden this marining a veto c
breaking this morning uk is blocking microsoft 70-billion-dollar acquisition of video game activision blizzard a blow for giant microsoft says remains fully committed and will appeal this decision, they are committed to a -- deal with activision take a look at stocks activision blizzard down better than 11% microsoft shares up almost 8%, meanwhile, this, whose speaker kevin mccarthy efforting a vote on gop debt ceiling bill as soon as today or tomorrow texas congressman joined me earlier, tell...
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Apr 27, 2023
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, british regulators is blocked. microsoft 6, a $9000000000.00 deal to buy video game maker activision blizzard. the competition and markets authority says the acquisition would of stifled competition in the cloud gaming market. they all cash deal was set to give microsoft control of popular game franchises by call of duty and county crush. and authorities in panama had been forced to reduce shipping access through the panama canal because of an historic drought. about 6 percent of global shipping passes through the canal. so those are the headlines. news continues here now to 0 after witness staging vents. what's left now. there is no channel that covers world views like we do. the scale of this camp is like nothing you've ever seen access to health care. what we want to know is how these things affect people. we revisit places state, even when they're no international headlines. al jazeera, really invest in that. and that's a privilege. as a journalist, ah, with a yeah, i get a miles when it goes, this will be a bus in the end of which of the spencer fiddle in november, squint, and jesse with
, british regulators is blocked. microsoft 6, a $9000000000.00 deal to buy video game maker activision blizzard. the competition and markets authority says the acquisition would of stifled competition in the cloud gaming market. they all cash deal was set to give microsoft control of popular game franchises by call of duty and county crush. and authorities in panama had been forced to reduce shipping access through the panama canal because of an historic drought. about 6 percent of global...
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Apr 27, 2023
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next, activision blizzard's ceo will join us. looking forward to this. bloomberg. ♪ welcome to a new era of flight. guy: it is thursday, the 27th of april. we are nearly done with april. are going to sell in may? some selling talking place today. -- taking place today. the corporate story is where the real action is right now and we are going to dig into some of those corporate stories. the countdown to the close starts right now. ♪ >> the countdown is on in europe. this is bloomberg markets: european close with guy johnson and alix steel. ♪ guy: the index fields are relevant.
next, activision blizzard's ceo will join us. looking forward to this. bloomberg. ♪ welcome to a new era of flight. guy: it is thursday, the 27th of april. we are nearly done with april. are going to sell in may? some selling talking place today. -- taking place today. the corporate story is where the real action is right now and we are going to dig into some of those corporate stories. the countdown to the close starts right now. ♪ >> the countdown is on in europe. this is bloomberg...
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Apr 27, 2023
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loved by millions, made by activision blizzard, wanted by microsoft.e. this deal, though, is on life support, all because it has beenjudged by the cma to reduce innovation in the fast developing cloud gaming market. the theory is that cloud gaming will eventually become the kind of de facto distribution, you know, way that games are distributed to the end—user, streamed to the end user like we do when we watch netflix videos. the news has not gone down well, with activision saying in a statement that the uk was clearly closed for business. microsoft added that the cma had a flawed understanding of the market. they will now appeal. microsoft's xbox console may be lagging behind sony playstation in terms of sales but the company does have a big presence in cloud gaming. we didn't want a situation where the current dominant most powerful platform in cloud gaming purchased an important input to its competitors and therefore undermined that growth. the deal needs approval in the uk, eu and us to go ahead, so today's decision, the first from those jurisdicti
loved by millions, made by activision blizzard, wanted by microsoft.e. this deal, though, is on life support, all because it has beenjudged by the cma to reduce innovation in the fast developing cloud gaming market. the theory is that cloud gaming will eventually become the kind of de facto distribution, you know, way that games are distributed to the end—user, streamed to the end user like we do when we watch netflix videos. the news has not gone down well, with activision saying in a...
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Apr 26, 2023
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in the uk government plans to block microsoft's six in a billion—dollar plan to buy activision blizzardand foreign nationals are trying to get out of the country during a
in the uk government plans to block microsoft's six in a billion—dollar plan to buy activision blizzardand foreign nationals are trying to get out of the country during a
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Apr 26, 2023
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wrong >> but was there a premonition nadella talked about a great product, did not mention activision blizzardalmost as if he had an inkling i think he was saying, either way, i do well >> the point has to be, they're not moving on as of yet, and activision needs to wait until microsoft finally pulls the plug, but as we've said many times, this was the most important decision of all the regulatory reviews, in part because the appeals product itself is so long, so complicated, and so difficult to win. we haven't seen a win in a very, very, very long time, as long as the reviews have gone back >> and we will be talking to dave from carrier. this would be a german review, but if it's similar as this uk is propounding, that deal is not going to happen. >> the deal that people are now wondering about is vmware, that deal, because that's in front of the cma as well. there were going to be positive vibes for vmware if, in fact, the cma approved the transaction. >>> let's talk a little bit about activision's stock price, though, because there are those who say, listen, the downside should not be that
wrong >> but was there a premonition nadella talked about a great product, did not mention activision blizzardalmost as if he had an inkling i think he was saying, either way, i do well >> the point has to be, they're not moving on as of yet, and activision needs to wait until microsoft finally pulls the plug, but as we've said many times, this was the most important decision of all the regulatory reviews, in part because the appeals product itself is so long, so complicated, and so...
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Apr 26, 2023
04/23
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BBCNEWS
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staying with big tech, microsoft's 68.7—billion—dollar deal to buy us video game company activision blizzardon and markets authority. the proposed takeover would see microsoft acquire such hit titles as call of duty and candy crush. but the regulator said it was concerned the deal would offer reduced innovation and less choice for gamers in the fast—growing cloud gaming business. microsoft and activision hit out at the decision and said they would appeal. let's turn to washing now because republicans in the us the house of mouse wading into legal waters — disney is suing the governor of florida ron de santis. the company claims mr de santis and his officials violated its constitutional rights. the media giant says the governor has waged a campaign of retaliation against disney after it criticised a law promoted by the florida state government.
staying with big tech, microsoft's 68.7—billion—dollar deal to buy us video game company activision blizzardon and markets authority. the proposed takeover would see microsoft acquire such hit titles as call of duty and candy crush. but the regulator said it was concerned the deal would offer reduced innovation and less choice for gamers in the fast—growing cloud gaming business. microsoft and activision hit out at the decision and said they would appeal. let's turn to washing now because...
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Apr 26, 2023
04/23
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FBC
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earnings call microsoft executives were asked about that, they said we think we'll be able to buy activision blizzard. we think the u.k. will approve it. this is not what management expects. maria: the u.k. regulator is blocking it and activision stock is plummeting, down 12%. microsoft is up, trading on the earnings. but what about the u.k. regulator? >> well, i think the bottom line it says tech has tough times ahead. that's what we're looking at here. there's going to be more competition, more regulation and valuations are way too high and meanwhile diversify your money to a lot of other place sos i think this is indicative of the fact that tech is not going to be the place to be. maria: the idea that there was consolidation in activision is in play only becomes bigger now. the u.k. regulator blocks the deal. what does activision do? is that the prettiest one at the party, does everybody want to acquire activision? >> no. it will be an expensive acquisition at $40 billion. it was going to be microsoft's a largest ever acquisition. there are few companies that can buy it. the only companies that ar
earnings call microsoft executives were asked about that, they said we think we'll be able to buy activision blizzard. we think the u.k. will approve it. this is not what management expects. maria: the u.k. regulator is blocking it and activision stock is plummeting, down 12%. microsoft is up, trading on the earnings. but what about the u.k. regulator? >> well, i think the bottom line it says tech has tough times ahead. that's what we're looking at here. there's going to be more...
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Apr 26, 2023
04/23
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KTVU
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rejecting microsoft $69 billion purchase of video game maker activision. blizzardwhile stifle competition and lead to fewer options for uk gamers, the british regulator says microsoft already holds a 60 to 70% share in the global market, which would only expand with that merger. activision blizzard by the way, developed some of the most popular video games in history, including call of duty and world of warcraft. the largest jeweler company and the u. s. signet jewelers says there is a quote, engagement gap. signet brands include jared kay jewelers and zales. it says relationships died and new ones took a while to develop because of covid restrictions. the retailer expects sales to stay slow through 2024 that to get back to pre pandemic sale levels . purchases will have to grow 25% before. by 2026. that's a look at your dollars and cents pam. it's vacation interests at historically geared towards older couples, retirees and the occasional family reunions. but now, a new report says more millennials are booking cruises , according to the wall street journal. interes
rejecting microsoft $69 billion purchase of video game maker activision. blizzardwhile stifle competition and lead to fewer options for uk gamers, the british regulator says microsoft already holds a 60 to 70% share in the global market, which would only expand with that merger. activision blizzard by the way, developed some of the most popular video games in history, including call of duty and world of warcraft. the largest jeweler company and the u. s. signet jewelers says there is a quote,...
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Apr 26, 2023
04/23
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CNBC
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little bit higher after british regulators blocked a proposed deal to acquire video game giant activision blizzardillion because of competition concerns in the cloud gaming market. actvision blizzard shares you can see are down over 11% right now even though the company said it will work aggressively with microsoft to reverse the block the drop comes even after my actvision blizzard posted the q1 earnings beat. and we have shares of google parent alphabet up slightly less than, let's see that, barely, now in the red this is despite an earnings beat there's a lot of concern now that microsoft is stealing market share from google in the search category. does that mean bing is finally cool alphabet also announcing a $70 billion share buyback. and since i said microsoft is a theme, we told you about microsoft's strong quarter and plans to spend more. that's why cloud providers are higher on the news look at that, datadog, 12% mongodb, 12%, snowflake, and the list continues >> thank you very much kristina >>> today we turn to the power struggle between corporations and governments. from blocked mergers
little bit higher after british regulators blocked a proposed deal to acquire video game giant activision blizzardillion because of competition concerns in the cloud gaming market. actvision blizzard shares you can see are down over 11% right now even though the company said it will work aggressively with microsoft to reverse the block the drop comes even after my actvision blizzard posted the q1 earnings beat. and we have shares of google parent alphabet up slightly less than, let's see that,...
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Apr 27, 2023
04/23
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MSNBCW
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anti-trust regulator has blocked microsoft's purchase of activision blizzard tell us about the move and all a breach of competition as it was, the u.k.'s competition regulator is really saying in this regard, saying the purchase by microsoft buying activision blizzard would be competition microsoft is kind of making a bet on what is really being called there on line gaming, so gaming consoles really moving onto kind of a streaming platform if you want to call it that just like you would with netflix where you would stream an episode of the network you would pretty much do the same with gaming it's called cloud gaming microsoft is betting on, a $69 billion deal they were trying to push forward doesn't look like it's going to happen anymore, but microsoft has said they'll appeal the decision because they feel doesn't upend competition and is the right move that could happen shares of activision slumping 8% in trade yesterday microsoft managed to gain 7%, but that was mainly because of its earnings report which it had put out on tuesday so maybe we'll see the effects of that sooner rathert
anti-trust regulator has blocked microsoft's purchase of activision blizzard tell us about the move and all a breach of competition as it was, the u.k.'s competition regulator is really saying in this regard, saying the purchase by microsoft buying activision blizzard would be competition microsoft is kind of making a bet on what is really being called there on line gaming, so gaming consoles really moving onto kind of a streaming platform if you want to call it that just like you would with...
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Apr 17, 2023
04/23
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BBCNEWS
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company for $12.7 billion and we have an ongoing acquisition of microsoft trying to acquire activision blizzardcontext, it is relatively small deal but this deal will have a big impact on the players involved in it, sega and rovio. . ~ ., ., ., rovio. talk to me about rovio, we are looking — rovio. talk to me about rovio, we are looking at _ rovio. talk to me about rovio, we are looking at pictures _ rovio. talk to me about rovio, we are looking at pictures of- rovio. talk to me about rovio, we are looking at pictures of angry . are looking at pictures of angry birds, which everybody will know. it sparked two films, hugely popular download game, but have failed to come up with a follow—up. they are known for this but little else. yes. known for this but little else. yes, the huddle — known for this but little else. yes, the huddle was _ known for this but little else. yes, the huddle was been _ known for this but little else. yes the huddle was been their challenge, unfortunately. if you look at the last five years, their revenues have been stable over the five years propped up mainly by, as yo
company for $12.7 billion and we have an ongoing acquisition of microsoft trying to acquire activision blizzardcontext, it is relatively small deal but this deal will have a big impact on the players involved in it, sega and rovio. . ~ ., ., ., rovio. talk to me about rovio, we are looking — rovio. talk to me about rovio, we are looking at _ rovio. talk to me about rovio, we are looking at pictures _ rovio. talk to me about rovio, we are looking at pictures of- rovio. talk to me about rovio,...
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Apr 26, 2023
04/23
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KTVU
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activision blizzard developed some of the most popular video games in history, including call of duty and world of warcraft. a new report says, writes your vehicles in san francisco are a major contributor to pollution and carbon emissions, a new report just released by the county transportation authority says that between september 2019 in august of 2020 uber lift cars generated more carbon emissions per square mile than any other state or the city rather in the state. a third of those emissions were from drivers with no passengers in the car. the report also says both writes. your companies do not provide complete data about emissions from their driver's cars. another big box retailers closing one of its san francisco locations, offers deposed store on third and stevenson street is permanently shutting down. that is, according to the san francisco business times, which reports signs were recently posted at the building store is located on the ground floor of an eight story parking garage. we have new information now in a deadly weekend shooting in san francisco's north beach neighbo
activision blizzard developed some of the most popular video games in history, including call of duty and world of warcraft. a new report says, writes your vehicles in san francisco are a major contributor to pollution and carbon emissions, a new report just released by the county transportation authority says that between september 2019 in august of 2020 uber lift cars generated more carbon emissions per square mile than any other state or the city rather in the state. a third of those...
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Apr 30, 2023
04/23
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BBCNEWS
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eye 52
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the uk's competition watchdog has blocked microsoft's proposed plan to buy gaming giant activision blizzarderned that the $68.7 billion deal would reduce innovation and consumer choice in the fast—growing cloud gaming sector. the theory is that cloud gaming will eventually become the kind of de facto distribution way that games are distributed to the end user. what do you think of this? it's a mouth—based touchpad. augmental�*s mouthpad can connect to smartphones or laptops via bluetooth and allows people who can't use hands—on touchpads to navigate digital interfaces using one that's literally on the tip of their tongue. ukraine says it's ramping up its homegrown drone production to meet demand on the front line. the expansion is backed by its army of drones campaign, which has raised over £87 million since lastjuly. and finally, a new study suggests that video calls could help pet parrots feel less lonely. yes, research by scientists at the university of glasgow and northeastern university saw us parrot owners help their pets video call others, also saw them engage in more social behaviou
the uk's competition watchdog has blocked microsoft's proposed plan to buy gaming giant activision blizzarderned that the $68.7 billion deal would reduce innovation and consumer choice in the fast—growing cloud gaming sector. the theory is that cloud gaming will eventually become the kind of de facto distribution way that games are distributed to the end user. what do you think of this? it's a mouth—based touchpad. augmental�*s mouthpad can connect to smartphones or laptops via bluetooth...
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82
Apr 26, 2023
04/23
by
BLOOMBERG
tv
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activism -- activision blizzard is down by 12%. some of the shine and polish off of the story yesterday with microsoft. the stock was positive by close to 8% now it is positive by 7%. lisa: this is where regulation and the potential of policy becomes major risk. it is not antitrust it is rejection of the businesses overseas, in china, elsewhere, to this point, it is how much this can drive everything. with a potential risk. tom: microsoft up 8% now at 7%. we will watch it closely but i just did not want to go forward here. infinite warfare. when call of duty goes live -- like 10 years ago. lisa: have you ever played it? tom: call of duty? well -- you know, right here on tv it is an ugly site. [laughter] jonathan: let me bring the real value if i can. macro soft plans to appeal to block the activision deal. it is down hard. and the s&p 500 futures are fading fast. we are about unchanged now. first republic in focus. down almost 15%. negative. tom: first republic under seven dollars. jonathan: now trading in the sixes. lori heinel jo
activism -- activision blizzard is down by 12%. some of the shine and polish off of the story yesterday with microsoft. the stock was positive by close to 8% now it is positive by 7%. lisa: this is where regulation and the potential of policy becomes major risk. it is not antitrust it is rejection of the businesses overseas, in china, elsewhere, to this point, it is how much this can drive everything. with a potential risk. tom: microsoft up 8% now at 7%. we will watch it closely but i just did...
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20
Apr 27, 2023
04/23
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GBN
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eye 20
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nnr— take over activision blizzard on men— take over activision blizzard nnr rnen n— take over want to business. yeah if you want to sell— business. yeah if you want to sell n— business. yeah if you want to sell it-sunak_ business. yeah if you want to sell it-sunak hit- business. yeah if you want to sell it sunak hit back and sell it and sunak hit back and earn,— sell it and sunak hit back and an, go,— sell it and sunak hit back and an, no, no— sell it and sunak hit back and said, no, no, that's not borne on— said, no, no, that's not borne onr—nl- said, no, no, that's not borne onr—nl laer- said, no, no, that's not bornej out—uk last year out by the facts. uk last year neearne— out by the facts. uk last year became-third— out by the facts. uk last year became third country became the third country in the world— became the third country in the world ro — became the third country in the world to have— became the third country in the world to have a— became the third country in the world to have a tech sector walnel— world to have a tech sector walnel ar— world to have a tech sect
nnr— take over activision blizzard on men— take over activision blizzard nnr rnen n— take over want to business. yeah if you want to sell— business. yeah if you want to sell n— business. yeah if you want to sell it-sunak_ business. yeah if you want to sell it-sunak hit- business. yeah if you want to sell it sunak hit back and sell it and sunak hit back and earn,— sell it and sunak hit back and an, go,— sell it and sunak hit back and an, no, no— sell it and sunak hit back and...
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Apr 26, 2023
04/23
by
ALJAZ
tv
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. $69000000000.00 deal to buy video game make activision blizzard. the competition market so far, she says the acquisition would stifle competition. while those are the headlines, as always, our website out there dot com has all the latest on our top stories. stay tuned to to be unscripted this next ah t they nadine with a pushing with one a tour global perspective blue if you're talking about changing people's minds, then i think it will come down to literature and film some songs and all arts basically. since the seventy's brian, you know, as radical approach has changed the way we listen to music. he continues to push boundaries as a musical innovator. vizier alt is active is an thinker, right here for me how jin chang is one of the most exciting writers today. he debunked many of the biggest myths about the global economy and shows an alternative path to a farrah world. the fan, your pre marketing clerics, if dad thought happened in any other profession, they would all be fired. yeah, or not just fire. they would go go to prison. yeah. join us in
. $69000000000.00 deal to buy video game make activision blizzard. the competition market so far, she says the acquisition would stifle competition. while those are the headlines, as always, our website out there dot com has all the latest on our top stories. stay tuned to to be unscripted this next ah t they nadine with a pushing with one a tour global perspective blue if you're talking about changing people's minds, then i think it will come down to literature and film some songs and all arts...
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18
Apr 28, 2023
04/23
by
GBN
tv
eye 18
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pm— take over activision blizzard on men— take over activision blizzard on men n— take overd an, n..— sell it and sunak hit back and an, no, no— sell it and sunak hit back and said, no, no, that's not borne on— said, no, no, that's not borne onr-raere.— said, no, no, that's not borne out-facts. uk- said, no, no, that's not borne out-facts. uk last- said, no, no, that's not borne out facts. uk last year out by the facts. uk last year beame— out by the facts. uk last year became-third— out by the facts. uk last year became .third-inl became the third country in the nonl— became the third country in the world ro — became the third country in the world to have— became the third country in the world to have a— became the third country in the world to have a tech sector valnel— world to have a tech sector valnel ar— world to have a tech sector valnel ar r— world to have a tech sector valued at 1 trillion behind only cnlna— valued at 1 trillion behind onlyi cnlna—so china and the united states. so he china and the united states. so ne—rne- china and the united states. so ne—rne eas
pm— take over activision blizzard on men— take over activision blizzard on men n— take overd an, n..— sell it and sunak hit back and an, no, no— sell it and sunak hit back and said, no, no, that's not borne on— said, no, no, that's not borne onr-raere.— said, no, no, that's not borne out-facts. uk- said, no, no, that's not borne out-facts. uk last- said, no, no, that's not borne out facts. uk last year out by the facts. uk last year beame— out by the facts. uk last year...
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31
Apr 26, 2023
04/23
by
BLOOMBERG
tv
eye 31
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you give regulators have blocked microsoft's 69 bullied other purchase of activision blizzard, uk's competition market authority argued the deal would bolster microsoft's edge over its rival. the companies plan to appeal the decision. activision shares tumbled in the u.s. as that merger overshadowed it strong earnings. topping estimates. coming up, metta shares search. david kirkpatrick shares his outlook for the tech sector next. this is bloomberg. this (announcer)g. enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. >> let's take a look at how metta is doing after hours. pretty well. we did see advertising revenue rising to $28.1 billion. up 4.1% year
you give regulators have blocked microsoft's 69 bullied other purchase of activision blizzard, uk's competition market authority argued the deal would bolster microsoft's edge over its rival. the companies plan to appeal the decision. activision shares tumbled in the u.s. as that merger overshadowed it strong earnings. topping estimates. coming up, metta shares search. david kirkpatrick shares his outlook for the tech sector next. this is bloomberg. this (announcer)g. enough with the calorie...
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31
Apr 27, 2023
04/23
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ALJAZ
tv
eye 31
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. $69000000000.00 deal to buy the video game maker activision blizzard. the competition and markets authority. it says the acquisition would have stifled competition in the cloud gaming market. they all cash deal was set to give microsoft controllers popping again. franchises, my call of duty and country crush to sport. now in manchester city, how close the gap to english premier league leaders asked us to just 2 points with 2 games in hand. as after city beat arsenal, for one on wednesday, while patrick has the actual a blockbuster, occasionally a capacity crowd, and a huge global tv audience. as the top 2 in the english premier league met in what many were calling the biggest match of the season, we're going into this game also had a 5 point lead or the 2nd place city. but recent results and full linear momentum was firmly with the team from manchester and that momentum continued almost from kickoff. the cities man of the match kevin bruna opened the scoring of 7 minutes ably assisted by earl and holland. the belgians scoring his 7th career goal against
. $69000000000.00 deal to buy the video game maker activision blizzard. the competition and markets authority. it says the acquisition would have stifled competition in the cloud gaming market. they all cash deal was set to give microsoft controllers popping again. franchises, my call of duty and country crush to sport. now in manchester city, how close the gap to english premier league leaders asked us to just 2 points with 2 games in hand. as after city beat arsenal, for one on wednesday,...
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Apr 27, 2023
04/23
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ALJAZ
tv
eye 18
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. $69000000000.00 deal to buy video game maker activision blizzard. the competition and markets authority says the acquisition would have stifled composition in the cloud gaming market. the all cash deal was set to give microsoft control of popular gain franchises, like call of duty and candy crush. well, that said, for this show, you can get much more on the website. how does it come? weather is next and it's going to be inside story looking at jo biden's reelection . ah, there is more windy weather blowing out the gobi desert, forming a line of storms quite possibly. and i think it will become bit active in some parts of ne and charlie's line here, for example. but the following weather is not particularly full of sand or dust, nor does it bring the temperature beijing down. a great deal, i think locally, be fairly unpleasant conditions. but this is not a typical, this time the year. the rain from the yanks you southwards is developing, lossing, about a day and then moving on again. this is the case here, friday and saturday tensor throat. so in tow
. $69000000000.00 deal to buy video game maker activision blizzard. the competition and markets authority says the acquisition would have stifled composition in the cloud gaming market. the all cash deal was set to give microsoft control of popular gain franchises, like call of duty and candy crush. well, that said, for this show, you can get much more on the website. how does it come? weather is next and it's going to be inside story looking at jo biden's reelection . ah, there is more windy...