Bloomberg Tech Microsoft's Activision Takeover and UAW Strike Expansion
Sep 22, 2023
Microsoft's $69 billion takeover of Activision Blizzard, the progress of the UAW strike expansion, and the release of iPhone 15 and its strong consumer demand are discussed in this podcast. It also covers the possibility of the FTC suing Amazon for antitrust violations and the importance of climate tech investing and AI impact.
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Microsoft Clears Final Hurdle
- Microsoft's $69 billion Activision acquisition faces its final hurdle.
- The UK CMA is now likely to approve the deal after Microsoft agreed to sell cloud gaming streaming rights to Ubisoft.
Ubisoft's Role
- The CMA's approval hinges on Ubisoft's ability to make independent decisions about content distribution.
- This prevents Microsoft from manipulating the cloud gaming market.
UAW Strike Expands
- The UAW is expanding its strike against GM and Stellantis while making progress with Ford.
- Ford traditionally has a better relationship with the UAW and fewer temporary workers.