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Business Matters: Major setback in Microsoft’s bid to buy Activision Blizzard

Major setback in Microsoft’s bid to buy Activision Blizzard

13/06/2023 GMT

BBC World Service - Business Matters, Major setback in Microsoft’s bid to buy Activision Blizzard

The U.S watchdog has asked a judge to block a $69 billion bid for the gaming company.

The U.S watchdog The Federal Trade Commission (FTC)  has asked a judge to block a $69 billion bid by Microsoft for the gaming company Activision Blizzard.

The U.S watchdog has asked a judge to block a $69 billion bid by Microsoft to buy  Activision Blizzard.

The gaming company makes ‘Call of Duty’ and many other titles. But the Federal Trade Commission (FTC)  position on the deal is now closer to the that taken by the UK regulator. The issue hangs on claims the sale would give Microsoft's Xbox exclusive access to Activision games, leaving Nintendo consoles and Sony's PlayStation out in the cold.

Also in the U.S, America's biggest bank, JPMorgan Chase, has agreed in principle to settle a class action lawsuit brought on behalf of victims of the convicted sex offender, Jeffrey Epstein. The case was brought by one victim on behalf of hundreds of other women and girls abused by the disgraced financier. The bank is facing a bill of around $290 million.

And – you may have heard of ‘greenwashing’ – but have you heard of the new phrase…green-hushing’? We find out why companies are suddenly starting to keep their green credentials to themselves.

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