Activision Blizzard deal back on
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 22 September 2023
⏱️ 7 minutes
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Summary
From the BBC World Service: The United Kingdom is set to clear a fresh Microsoft-Activision deal. In August, the “Call of Duty” maker agreed to sell its streaming rights to Ubisoft Entertainment and the U.K.’s regulator, the Competition and Markets Authority has now said this “substantially addresses previous concerns.” Energy giant Chevron and unions have struck a deal to end strikes at two large liquefied natural gas facilities in Australia. The industrial action had threatened to disrupt exports of LNG. Plus, it was all about interest rates this week: Which central banks would up them or hold them? We look at some of those big decisions.
Transcript
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| 0:00.0 | Microsoft gets to the next level, and it's Activision Blizzard deal. |
| 0:05.2 | Hello, and you're listening to the Marketplace Morning Report live from the BBC World Service. |
| 0:09.8 | I'm Leana Bern, a very good morning to you. |
| 0:12.3 | Now, if you're a gamer, you'll probably know this. |
| 0:15.3 | This is devastation on a global scale. |
| 0:20.5 | We have two missiles incoming before they get out. |
| 0:27.6 | Well, if you guessed, Call of Duty, well done. |
| 0:30.2 | That's one of the many high-profile games developed by Activision Blizzard, |
| 0:34.0 | which Microsoft is looking to acquire. |
| 0:35.9 | In fact, Call of Duty has earned Activision reported $11 billion. |
| 0:41.1 | Last month, the companies were in a bit of a merger jam with the UK's Competition Watchdog, |
| 0:46.6 | because it's the last hurdle Microsoft needs to clear before it's multi-billion dollar |
| 0:51.4 | takeover deal can go through. |
| 0:53.3 | But we've just had an update, and the BBC's Felicity Hanna is here, |
| 0:56.8 | and Bliss is going to tell us how significant it is. |
| 0:59.6 | So it's very significant. |
| 1:00.8 | This is the UK's Competition Watchdog, and it said Microsoft's revised offer |
| 1:05.4 | is a little bit easier for them to swallow. |
| 1:07.6 | Now, earlier this year, it had blocked Microsoft from taking on the whole of Activision Blizzard, |
| 1:12.8 | and that was over concerns the deal would harm Competition in cloud gaming. |
| 1:17.4 | Now, the deal would have been worth $69 billion. |
| 1:20.6 | It would have been the biggest deal ever in the gaming sector. |
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