Wed. 04/26 - The UK Is Blocking Microsoft’s Activision Acquisition
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 26 April 2023
⏱️ 20 minutes
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| 0:00.0 | Welcome to the Tech Mem Right Home for Wednesday, April 26, |
| 0:07.0 | 2023. I'm Brian McCullough today. The UK is blocking Microsoft's Activision acquisition. |
| 0:13.7 | A quick rundown of Microsoft and Alphabet earnings. |
| 0:16.7 | The new Mavik drone is a beast apparently. |
| 0:19.7 | Cruz has actually expanded its self-driving taxi service and a look at the mounting pressure on |
| 0:25.0 | Binance and CZ. Here's what you miss today in the world of tech. |
| 0:37.4 | The United Kingdom's Competition and Markets Authority made a surprise announcement this morning blocking Microsoft's 68.7 billion dollar Activision acquisition |
| 0:43.0 | citing concerns about competition and innovation in the UK gaming market. |
| 0:47.0 | Microsoft does plan to appeal, of course, |
| 0:50.0 | but as I say, this was surprising. |
| 0:52.0 | I think the conventional wisdom had been that Microsoft had probably won over the UK, |
| 0:57.6 | though maybe would have more trouble with the EU. |
| 0:59.9 | So this seriously calls into question whether or not this whole thing goes forward or not, |
| 1:05.0 | quoting Bloomberg. |
| 1:06.5 | The competition and markets authority said its concerns couldn't be solved by remedies such |
| 1:10.9 | as the sale of blockbuster title Call of Duty or other |
| 1:14.0 | solutions involving promises to permit rivals to offer the game on their |
| 1:17.1 | platforms according to a statement Wednesday. Microsoft said it will appeal the |
| 1:21.3 | decision. |
| 1:22.3 | Pressure had been mounting on Microsoft as it lobbies at home and in Europe to convince watchdogs to clear the deal, |
| 1:28.0 | one of the 30 biggest acquisitions of all time. |
| 1:31.0 | Crucially, the CMA's conclusions come before decisions from the European |
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