Dive into the tech & future
Microsoft’s Xbox Game Pass is not only a popular online gaming subscription service but is also a major revenue stream for the company. The tech giant announced its decision to acquire Call of Duty developers — Activision — in January 2022. Since the announcement, the $68.7 billion deal has been under the scanner of multiple … Read more
The US Federal Trade Commission (FTC) said it will not appeal its loss in federal court in its fight to stop Meta Platforms from buying VR content maker Within Unlimited, but could still pursue the case with an internal FTC administrative law judge. Judge Edward Davila of the US District Court for the Northern District … Read more
Meta founder and CEO Mark Zuckerberg said that the Facebook-parent company will launch the next-generation consumer headset “later this year” and it will feature better mixed reality (MR) technology. The development comes as Meta announced that its Reality Labs division lost $13.7 billion on virtual reality (VR) and augmented reality (AR) in 2022.“Later this year, … Read more
Activision Blizzard has agreed to pay $35 million (nearly Rs. 290 crore) to settle allegations over the video game maker’s handling of workplace complaints and violations of whistleblower protection rules, US financial regulators said on Friday. The Securities and Exchange Commission said the company knew employee retention issues were “a particularly important risk in its business” … Read more
Sony’s gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s $69 billion (about Rs. 5,62,647 crore) bid for Call of Duty maker Activision Blizzard, a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares to warn Microsoft this week about the … Read more
There are no “substantive” settlement discussions under way between US President Joe Biden’s administration and Microsoft to resolve a legal dispute over the Xbox maker’s $69 billion (roughly Rs. 5,71,900 crore) bid for games maker Activision Blizzard, a Federal Trade Commission attorney said on Tuesday. The FTC, which enforces antitrust law, asked a judge to block the transaction … Read more
Microsoft announced its plans to acquire Activision Blizzard a year ago, sparking concerns that the firm might keep Call of Duty, the video game company’s iconic franchise, from appearing on Sony’s PlayStation. According to a report, an American technology news website, last year in January Microsoft announced it would spend $68.7 billion to acquire Activision … Read more
Microsoft filed its response to the lawsuit filed by US regulators to block its $68.7 million worth acquisition of Activision, the maker of Call of Duty, while defending its acquisition of ZeniMax, the owner of Bethesda.Earlier this month, the Federal Trade Commission of the US sued Microsoft in an attempt to block its purchase of … Read more
After a suit from the Federation Trade Corporation of the US, Microsoft has been served with another lawsuit against its $69 billion acquisition of Activision, the maker of Call of Duty.10 video game players from California, New Mexico, and New Jersey have filed a private lawsuit against Microsoft, seeking an order to block Microsoft’s acquisition … Read more
Fortnite creator Epic Games will pay $520 million (roughly Rs. 4,305 crore) to settle allegations that it illegally collected children’s personal information and tricked people into making purchases, the Federal Trade Commission and the company said on Monday. It will pay a record penalty of $275 million (roughly Rs. 2,300 crore) for violating a children’s privacy … Read more