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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending