FTC seeks to block Microsoft’s deal to acquire Activision
June 13, 2023
The Federal Trade Commission (FTC) has sought a restraining order to prevent Microsoft from closing on its $69 billion deal to acquire Activision Blizzard. The federal watchdog said that Microsoft would be able to keep competitors from accessing Activision Blizzard’s video games should the deal go forward. Brad Smith, president of Microsoft, expressed confidence that the company would be permitted to go ahead with the acquisition.
Recent News
Top Deals for National Hamburger Day 2024
National Hamburger Day 2024 is just around the corner, falling on Tuesday, May 28.
Bass Pro Shops CEO Focuses on Affordability Amid Inflation
In response to the persistent inflation affecting the economy, Johnny Morris, the founder and CEO of Bass Pro Shops, has reaffirmed the brand’s commitment to affordability. With inflation currently at 3.4%, above the Federal Reserve’s 2% target, Morris acknowledged the reality of rising costs and emphasized that the hunting, fishing, and outdoor sporting brand will maintain its focus on delivering value to its customers.
European Central Bank Set To Cut Interest Rates Next Week
The European Central Bank (ECB) is poised to reduce interest rates in its upcoming meeting, marking a significant shift in monetary policy aimed at addressing the current economic landscape.
China Is Spending $47.5 Billion for Chip Industry
China is significantly bolstering its semiconductor industry with a historic investment of $47.5 billion, reflecting its strategic push to become a global leader in advanced technology.