Money

Britain to block Activision-Microsoft mega merger

Published

1 year ago

April 27, 2023

ticker NEWS

It is block the takeover due to concerns it could hurt competition in cloud gaming

Microsoft’s huge $69 billion bid to buy Activision Blizzard hit a surprise issue.

Britain said it would block the takeover due to concerns it could hurt competition in cloud gaming.

The country’s antitrust regulator said Microsoft had not eased its concerns.

The XBox maker had said it would offer access to Activision’s multi-billion dollar ‘Call of Duty’ franchise to leading cloud gaming platforms.

Following the decision, Microsoft said it was still fully committed to the buyout and would appeal.

Activision added it would ‘work aggressively’ with Microsoft to reverse it.

The ruling was a surprise to markets.

It comes after British regulators last month dropped concerns about the deal’s impact on the console market.

That left cloud streaming services as the last hurdle.

Microsoft tried to overcome that by signing licensing deals with the owners of streaming platforms.

Investors did not like the decision.

Activision shares dropped more than 10 per cent in U.S. pre-market trade.

Europe will decide on the deal by May 22.

The United State’s Federal Trade Commission is also seeking to block the buyout.

Leaders

Niche accountants proving essential to e-commerce success

Published

4 hours ago

October 9, 2024

ticker NEWS

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

8 hours ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

Money

Financial stress deemed a leading cause of relationship breakdowns

Published

1 day ago

October 8, 2024

ticker NEWS

Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s Way, Andrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights