Business
A federal judge in America found that the Federal Trade Commission had failed to show how Microsoft’s proposed takeover of Activision Blizzard, an online-games developer, would hurt competition and denied the regulator’s request for an injunction to block the deal. The FTC argues that Microsoft will make Activision’s bestselling games, such as the Call of Duty series, exclusive to its Xbox platform. Both companies hailed the judge’s decision, which the FTC is appealing against. Britain’s Competition and Markets Authority, which also objects to the merger, said it would now be open to considering a restructured deal.
Nvidia, which makes chips for artificial-intelligence applications and has seen its share price soar this year, is reportedly in talks to become an anchor investor in Arm, a chip designer, ahead of Arm’s blockbuster IPO later this year. Nvidia’s takeover proposal for Arm was struck down by regulators last year.
Amazon filed a legal challenge against its inclusion on a list of 19 companies that the European Union says are subject to new rules governing online content under the Digital Services Act. Facebook, TikTok and Twitter are also included on the list, but Amazon says that retailing is its business, and not advertising or the dissemination of information.
2023-07-13 07:58:54
Post from www.economist.com
rnrn