The Federal Trade Commission on Thursday sued Microsoft Corp. to block its $69 billion deal to buy Activision Blizzard Inc. The acquisition, which would be Microsoft’s MSFT, +0.83% largest and Read more
Tag: Acquisitions/Mergers
Microsoft to bring ‘Call of Duty’ to Nintendo if Activision merger approved
Microsoft Corp. said late Tuesday it has made a “10-year commitment” to bring the massively popular “Call of Duty” videogame series to Nintendo Co. consoles, when — and if — Read more
Rheinmetall to acquire Spanish ammunition maker Expal for $1.24 billion
Rheinmetall AG RHM, -1.20% said it has agreed to acquire Spanish ammunition maker Expal Systems SA for an enterprise value of 1.2 billion euros ($1.24 billion). Expal , which is Read more
Twitter’s advertiser exile is TikTok, Reddit and Snapchat’s gain, data suggests
In the two weeks since Elon Musk tried to reassure advertisers that Twitter wouldn’t turn into a “free-for-all hellscape” under his ownership, at least a few aren’t taking him at Read more
Sam Bankman-Fried takes blame for FTX liquidity issues: ‘I fucked up’
Crypto exchange FTX is undergoing significant liquidity issues, and CEO Sam Bankman-Fried “asked for help” from rival exchange Binance this week. Binance elected not to participate, and Bankman-Fried addressed the Read more
AstraZeneca lifts guidance after forecast-beating profit and sales
AstraZeneca PLC on Thursday lifted its guidance for the full year after reporting a swing to net profit and higher sales for the third quarter of the year, which both Read more
Opinion: Tesla investors have been the biggest losers in Elon Musk’s Twitter deal, and those losses continue
Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have Read more
Investors fear potential FTX bankruptcy spilling over to reeling crypto, stock markets
Investors are concerned that a potential bankruptcy of FTX, once the world’s third largest digital asset exchange by trading volume, will spill over to the already battered crypto and stock Read more
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, Read more
Crypto investors rattled as Binance abandons its proposed acquisition of rival FTX
Binance, the world’s largest crypto exchange, is abandoning its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. “As a result of corporate due diligence, Read more