-Britain's antitrust regulator on Friday said Microsoft's restructured acquisition of Activision Blizzard 'opens the door' to the deal being cleared. The 'Call of Duty' maker had in August agreed to sell its streaming rights to Ubisoft Entertainment. The sale of Activision's cloud gaming rights to Ubisoft 'substantially addresses previous concerns,' the UK's Competition and Markets Authority (CMA) said in a statement.
Microsoft Corporation's restructured acquisition plan of Activision Blizzard for $69 billion is expected to receive a preliminary decision from the UK's Competition and Markets Authority next week, according to a report from The Verge on Wednesday, September 20 2023. The final decision due by the regulator is set for October 18.STORY: In its biggest acquisition ever, tech giant Cisco Systems has agreed to buy cybersecurity software firm Splunk for about $28 billion.
After a surge in revenue growth last year, Splunk has grappled with an industry-wide slowdown in demand wrought by rising interest rates and sticky inflation.According to the Wall Street Journal, Cisco tried buying Splunk in 2022 for more than $20 billion, but that fell apart.The deal is expected to close by the end of the third quarter of 2024, subject to regulatory approvals.Shares of Cisco dipped roughly 4% in Thursday morning trading, while Splunk’s shares soared 25% on the news.GUELPH, Ont.
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