Microsoft concluded the Activision Blizzard deal in October, but the Federal Trade Commission (FTC) is appealing the district court's decision that allowed Microsoft's acquisition of Activision Blizzard to proceed. The FTC's Ninth Circuit Court of Appeals hearing is set to commence on December 6, 2023.
Microsoft hired Sam Altman, Co-Founder and the former CEO of Open AI, who was dismissed as the company's CEO after three days of heated meetings with the board, and the Co-Founder Greg Brockman, who left the company in protest of Altman's dismissal.
Xbox revealed significant changes to its leadership structure, including promotions and a notable departure. Sarah Bond, Matt Booty, Takeshi Numoto, and Yusuf Mehdi have been promoted to new roles within the company.
Microsoft has officially acquired video game giant Activision Blizzard for a record-breaking $68.7 billion, marking the largest company buyout in the history of the video games industry.
The UK's Competition and Markets Authority has approved Microsoft's proposed $69 billion acquisition of gaming giant Activision Blizzard. This move eliminates the final major hurdle for the deal to reach completion.
Ofcom triggers an antitrust inquiry, led by CMA, into Amazon and Microsoft's cloud market control. The investigation targets fees, technical barriers, and deep discounts, addressing concerns from UK businesses.