. —— allowing ubisoft to sell these. fire allowing ubisoft to sell these. in: allowing ubisoft to sell these. are you saying the cma did not quite understand the sector? i you saying the cma did not quite understand the sector?— you saying the cma did not quite understand the sector? i would say that there was _ understand the sector? i would say that there was a _ understand the sector? i would say that there was a misunderstanding | that there was a misunderstanding around this acquisition and that the ftc also shared a misunderstanding around the concerns, given that with this acquisition, microsoft would have 11.6% market share of the global gaming market. that is a far cry from a monopoly or any concerns that should have killed this opportunity. we that should have killed this opportunity-— that should have killed this ouortuni . ~ ., opportunity. we will leave you there. jason — opportunity. we will leave you there. jason chapman. - jpmorgan chase has exceeded expectations and reported another highly profitable quarter but also warned inflation could

including activision selling the cloud gaming rights to ubisoft.he deal will prevent microsoft from locking up competition in cloud gaming and preserving competitive pricing and services. brad smith took to x, the social media network formerly known as twitter, saying the final hurdle has finally been crossed nearly two years after it was announced. arjun, you have been tracking this one and we have been tracking this one. two years in the making. finally, it is off the ground. >> it finally made it. the uk was the last regulator holding up this deal. this is effectively cleared the path of this to be passed and this deal to close. now setting the context here. when the investigation by the cma was initially opened, the concerns specifically revolved around cloud gaming. the idea in the future we will be streaming games as you stream a film from something like net n netflix for example. you could play on the mobile or pc or buy a controller and play on the tv. the cma's concern was this deal would give microsoft the controlling hand in the cloud ga

ubisoft will license the game out and sell under different business models. this was a concern for the cma because the deal would give microsoft a lot of power in the cloud gaming market and it was a concern that microsoft could take activision hit games like "call of duty" and keep it exclusive on xbox. to allay the fears, the cma says microsoft won't have a stranglehold on the rapidly developing gaming market. a word on cloud gaming. it is new and young. the idea is you will be able to stream games as you stream a show on netflix and it removes the idea of a hardware console and you can use a controller and your tv. this is a big step and allows microsoft to complete the deal. frank. >> not a lot of momenvement wit the stocks. has the cma lost credibility not holding the line with this deal? >> reporter: the cma said something interesting today in statement. something unusual for a regulator. it said businesses and advisers should be in no doubt that the tactics employed by microsoft are no way to engage with the cma. called out microsoft and accused them o

regulator's concerns by selling off activision�*s cloud streaming services to a french games company, ubisoftdecision was immediately welcomed by microsoft's president, brad smith. he responded on social media to say he's grateful for the cma's decision and that the acquisition would benefit players and the gaming industry worldwide. david waddell, bbc news. a retreat from global free trade will put up prices for everyone — especially the world's poorest. that's the warning from the head of the world trade organisation, ngozi okonjo—iweala — who's been speaking exclusively to the bbc at the imf/world bank meetings in marakkesh, in morocco. she told our economics editor, faisal islam, that there's evidence world trade is �*fragmenting' with countries increasingly trading with friends and restricting trade with rivals. there's more trade ongoing now within politically similar blocs than between blocs that are dissimilar. so that is some indication. we also look at certain sectors and we begin to see some emerging signs of fragmentation. and we hope that this will be... this will not go too far,

and is created over the next 15 years and putting that in the hands of an independent competitor, ubisoftas call of duty will be available on rival platforms like playstation for another decade. when the cma originally blocked this deal, microsoft's president, brad smith, said it was the darkest day in its four decades of operating in the uk. what did you make of that statement? so, our responsibility is to protect uk consumers and uk businesses and make sure that mergers don't go ahead if they're going to harm competition. that's what we did. in a new statement, microsoft says: we are grateful for the cma's thorough review and decision today. we've now crossed the final regulatory hurdle to close this acquisition, which we believe will benefit players and the gaming industry worldwide. this will definitely strengthen microsoft's position in gaming around it xbox console. it will give them access to some of the biggest games in the world, with an improved experience or exclusivity. a victory, then, for the uk regulator, standing up to big tech? perhaps. but ultimately, if this deal goes a

available now but also any content created the next 15 years and those rights are put in the hands of ubisoftan independent capacitor, and that breaks the stranglehold we were concerned mark zuckerberg would have over this important cloud gaming sector. ed: that was the u.k. cmac ceo on the deal joining our colleagues earlier today. for more, let's turn to cecelia, our videogame reporter at bloomberg. it has happened. it is done. let's go back to the origin of this because everyone forgets because the discussion about regulators about cloud, this is about mobile games, right? what is it microsoft will have to do with activision to catch up to mobile games? >> a lot has changed in the mobile gaming landscape since the deal was announced. mobile gaming has been a behemoth for a long time, microsoft has been behind on capitalizing on interest in mobile games, casual games, free games for smartphones and now with candy crush, which activision makes, they have in their hands one of the most if not the most blockbuster mobile game -- games in the west. it is interesting because of the same time the

activision blizzard has right now, that they'd actually sell-off the cloud gaming portion of that to ubisoftase competition regulations. that has now been approved. october 18th is the date they hope to complete the deal in terms of buying and issuing out the funds needed for this. $69 billion deal, which finally seems to be headed in the completion zone by the end of this month. >> and lastly, it's about to get more expensive to experience the magic of disney. tell us there about the price hikes coming. >> yeah, so this is an unfortunate one, right? how many times have you been to disney world or disneyland? between $5 and $65 more is how much it's going to cost you depending where you go out in california as well as in florida. both of those going up. not necessarily the day prices which is what consumers buy on an average basis but really more the annual passes are the ones going up significantly. the other part going up by at least $5 is the parking. believe it or not it's now going to cost you $30 for a standard vehicle to park inside any of disney's theme parks. that is a high amount o

she agreed to sell to a french developer ubisoft has the rights to cloud gaming for all existing blizzardand processed on a remote server, and essentially just images and sound are broadcast to the player’s device. this allows the player not to have a powerful computer at home, but to play demanding games. eli is all about economics. thank you, denis. with an economic review, now a short advertisement, that’s what we’ll talk about after it. from energetic dancing to light ball fights, the program of the games of the future, in which athletes from all over the world will take part, has been supplemented with new unusual disciplines, what and how are preparations for a unique sports project going? remember what they told you when you decided to open a business, no one will pay for it, this is bullshit, but you didn’t listen, because you’re doing everything wrong, continue, all fees for transfers for business have been canceled, open an account for free business in alfa bank. alfabank is the best bank for business equipment, there are a million, a smartphone, choose equipment for a large sal

is microsoft has handed over distribution rights to activision, to activision, activision games to ubisofty've also that you can still get also said that you can still get call on anything until call of duty on anything until any console for ten years. >> sony, sony said, well, microsoft could cut off the supply of these games , these supply of these games, these really popular titles to the playstation four and five. and obviously that would be that would be bad for choice and bad for consumers all over the world. >> well, i mean, i think over time, what makes this thing so ridiculous is that in ten years, we're not going to have computer games. >> what are we going to have something else? >> metaverse . you'll >> just the metaverse. you'll just be living in the matrix. there'll something else. it's there'll be something else. it's like, google. could be like, look at google. could be gone ai, whatever . gone because of ai, whatever. it's time it's like eventually over time you these are you think these things are forever and they're not forever. >> okay , there's some cheesy >> okay, the

and of those rates are put in the hands of ubisoft, an independent capacitor and that breaks the strangleholdld have over this important cloud gaming sector. shery: disney plaster a record 35 million viewers on the streaming platform during saturday's cricket world cup match between india and archrival pakistan. disney said that the highest peak number achieved across all forms of cricket beat pakistan by seven in the match. disney has been weighing options for its india businesses after losing streaming rights to the india premier league cricket tournament. haidi: that is it for daybreak asia markets coverage continues as we look ahead to the start of trading in hong kong, shanghai and qin gang. stay with us, bloomberg markets in china open is next, this is bloomberg. ♪ nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into it's an amazing thing when you stream on the xfinity 10g network. when

microsoft and activision's agreement with ubisoft presents a new facet to the merger that will affect assess as part of its ongoing add administrative proceeding. back in july a judge blocked the ftc's attempt to stop this deal. that was a key victory for activision blizzard and microsoft in getting this done, but it's clear, carl, sara, that this battle is still not entirely over. >> hard to say mission accomplished yet. julia boorstin. >>> let's get to boeing, the worst performing stock in the dow right now. we talked to phil lebeau a moment ago on the uaw, but phil has some on what's driving some of the boeing losses. phil? >> it continues to be the problems with the max as they want to increase production and they are moving to increase production and deliveries, they continue to have to do rework and inspections and in this case, they are expanding inspections on the 737 dash 8 versions of the max. these are maxes that are being built in production, not one lrs in service, the target, once again, nonconforming parts of the plane. drill holes in the affidavit pressure bulkhead. th