U.S. FTC to review Microsoft’s $68.7 bln deal for Activision – Bloomberg News
The U.S. antitrust review of Microsoft Corp’s (MSFT.O) $68.7 billion proposed acquisition of “Call of Duty” maker Activision Blizzard Inc (ATVI.O) will be handled by the Federal Trade Commission (FTC), Bloomberg News reported late on Monday, citing a person familiar with the matter.
Sony slides on ‘monumental challenge’ from Microsoft gaming deal
Shares in Japan’s Sony Group (6758.T) fell 9% on Wednesday after gaming rival Microsoft (MSFT.O) said it will buy developer Activision Blizzard (ATVI.O) in a record $68.7 billion deal for the industry.
Analysis: Sony faces deep-pocketed rivals in war over future of gaming
Sony Group (6758.T), perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video game boom as the Japanese conglomerate eyes expansion on multiple fronts, including electric cars.
Sony to invest $500 mln in TSMC’s new Japan chip plant venture
Sony Group (6758.T) on Tuesday said it will invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Co’s (2330.TW) (TSMC) that will build a $7 billion chip plant in Japan.
EXCLUSIVE US electronics firm struck deal to transport and hire Uyghur workers
QINZHOU, China, Oct 7 (Reuters) – U.S. remote-control maker Universal Electronics Inc (UEIC.O) told Reuters it struck a deal with authorities in Xinjiang to transport hundreds of Uyghur workers to its plant in the southern Chinese city of Qinzhou, the first confirmed instance of an American company participating in a transfer program described by some rights groups […]
Global companies’ capex to hit decade-high growth this year -Refinitiv data
Global companies are set to ramp up their expansion plans this year, after being bogged down in the last few years, as economies recover from the pandemic and firms start to see higher profits and cashflows.
