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Tech Brew Ride Home

Fri. 10/13 – The Activision Acquisition Goes Through

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.71K Ratings

🗓️ 13 October 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

Microsoft wins its big prize. The EU officially opens and X investigation. VC investment activity has reached its lowest level in years. Netflix dips its toe into the IRL experience business. And, of course, the weekend longreads suggestions. Links: Microsoft's purchase of Activision Blizzard for Xbox has been fully APPROVED by the UK regulator (Windows Central) EU opens probe into Elon Musk’s X over Israel-Hamas war misinformation (Financial Times) U.S. VC funding hit lowest level in 6 years in Q3 | A story told in charts (VentureBeat) Netflix to Open Stores Where Fans Can Play, Shop and Eat in 2025 (Bloomberg) Weekend Longreads Suggestions: Adobe Is Focused on AI Rather Than Figma With Acquisition in Limbo (Bloomberg) Can EA’s FIFA-Free Soccer Game Win Fans? (Bloomberg) Has Bob Iger Lost the Magic? (Bloomberg) Why Dizziness Is Still a Mystery (The New Yorker) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Friday, October 13th, 2023.

0:07.5

I'm Brian McCullough. Today Microsoft wins its big prize.

0:11.3

The EU officially opens an X investigation. VC investment activity has reached

0:16.0

its lowest level in years. Netflix dips its toe into the IRL experience business and of course the weekend long read suggestions.

0:25.0

Here's what you miss today in the world of tech.

0:27.0

Well it looks like they got them. The UK CMA has approved Microsoft

0:36.9

69 billion dollar Activision acquisition, after Microsoft

0:40.9

restructured the deal to sell some of Activision's cloud gaming rights to

0:44.3

UB Microsoft, quoting Windows Central.

0:47.1

The biggest acquisition in gaming history is cleared to go ahead per the UK regulator.

0:51.1

UK regulator, the CMA shared on Friday that it has

0:54.2

approved Microsoft's restructured acquisition of Activision Blizzard, a deal

0:59.0

worth almost 69 billion dollars that has taken nearly two years to complete with the purchase first

1:04.2

being announced back on January 18th 2022. Activision also offered a statement

1:09.4

quote the CMA's official approval is great news for our future with Microsoft and we look forward to becoming part of the Xbox team.

1:17.0

In a note to employees, Activision noted its excitement about getting the deal through to closure.

1:22.0

Microsoft's Brad Smith also chimed into about getting the deal through to closure.

1:22.6

Microsoft's Brad Smith also chimed in to reiterate that this was the final major

1:27.0

regulatory hurdle ahead of the deal fully closing.

1:30.8

The UK regulator had initially blocked the deal citing concerns over Microsoft becoming dominant in the

1:36.1

UberNacent Cloud gaming market. Shortly after a court hearing in the US that saw the FTC

1:41.2

unable to block Microsoft's purchase, the CMA reopened negotiations with the

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