Equity Tuesday: What to make of the Microsoft-Blizzard deal

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 18 January 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This is our Monday (Tuesday) show, our short ramp into the week where we talk about the larger picture to get our feet wet. We're a day late due to an American holiday, and I can say later in the day with this thanks to my schedule. But, better late than never, here's what we got into: Yet another bad day for assets: Stocks around the world were broadly lower, with software shares taking yet another hit in the key US market. Microsoft wants to buy Activision Blizzard for nearly $69 billion dollars. It's a lot of money for a gaming studio that was so recently covered in, well, scandal? And really, does Microsoft need to get any bigger? Come on. It has already consumed several gaming companies, and is worth north of $2 trillion. At what point will regulators, you know, regulate? Clockwise raises $45 million! This is a very neat round from a very cool company, which Aisha Malik covered for TechCrunch earlier today. Her post is here if you need more. We're back to our normal schedule starting tomorrow, now that the new year and holidays are behind us. To work! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:15.5	Hello and welcome back to Equity, the Tech Runch Podcast where we unpack the numbers and the nuance behind the headlines. It is Tuesday, January 18th. Yes, this is not our Monday show because yesterday was a holiday here in the US.
0:21.9	And it's actually a little bit late even for a
0:24.0	Tuesday show and that's because well I had some stuff to do this morning I'll tell you
0:28.1	all about that in about a year's time but better late than never here we are so quickly let's talk markets the day's big
0:35.6	news and a little funding round just to get us into it so starting off with markets
0:39.7	as always here is some bad news if you currently sad, skip the next 20 seconds or so
0:45.1	because it's not going to make you feel any better.
0:47.1	In Europe, stocks are down.
0:49.1	In Asia, stocks are mostly down.
0:51.5	In the US, chaos is is I think the only word. The NASDAQ
0:55.1	composite a technology heavy index is off 1.95% as I record this for you and
1:00.2	software stocks the niche we care about absolutely the most in the world of
1:04.3	technology are off nearly 33% from highs inclusive of today's change. So it's pretty
1:09.7	much a mess out there. Is there good news in the crypto market? The answer is no. Down a little
1:14.7	bit there as well. Not as bad to be clear for a day in the crypto world but certainly
1:18.4	also not good. So if you own something yesterday,, you now own less.
1:24.0	Now, we are recording a little bit late today,
1:29.0	and I just want to point out that that's not actually a bad thing
1:31.0	because it means we get to talk about the biggest news that we might
1:33.8	have missed if I had recorded this early like I'm supposed to.
1:36.7	So the big news of the day is that Microsoft is going to attempt to buy Activision Blizzard.
1:42.0	If you don't know what that company is, you're not a gamer.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from TechCrunch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of TechCrunch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.