Microsoft previously said Kotick will stay on as CEO of Activision until after the deal closes. Employees at the company are deeply unhappy with management and have called on CEO Bobby Kotick to resign. The European Commission said on Thursday that it’s asking rivals for their feedback on a proposed deal in two antitrust probes looking into Amazon’s use of non-public data from sellers on its. Meanwhile, Activision has been beset by numerous internal issues in the past year, including accusations of sexual harassment, unionization efforts and walkouts from staff. ![]() The company has sought to grow its hoard of first-party content, having previously acquired Bethesda, the studio behind popular game series like The Elder Scrolls and Doom, for $7.5 billion. Through its Xbox division, Microsoft is one of the largest game console manufacturers, sitting alongside industry juggernauts like Sony and Nintendo. However, analysts are skeptical about the chances of a deal being approved by regulators. Various other companies are vying for a role in the space, including Facebook parent company Meta and Sony. Microsoft hopes the purchase will help it in the race to build the so-called metaverse, a hypothetical network of large virtual worlds. If approved, the acquisition would have huge implications for the $190 billion video game industry, handing control of incredibly lucrative franchises including Call of Duty, Candy Crush and Warcraft to one of the world's biggest tech companies. Amazon faces UK investigation over anti-competitive concerns. watchdog is looking into the transaction, while the Australian competition regulator is also reviewing it. India proposes antitrust scrutiny for big M&As unicorns eyeing IPOs meet mutual funds. Federal Trade Commission Chair Lina Khan has said the U.S. ![]() Earlier Wednesday, the CMA said it was investigating Amazon over the e-commerce giant's use of data from third-party sellers.Īntitrust enforcers around the world are gearing up to review the $68.7 billion Activision-Microsoft deal, which was announced in January. ![]() While it's still early days, the probe is another sign of the U.K.'s ambition to become a global player in the race to rein in Big Tech. On Tuesday, European Competition Commissioner Margrethe Vestager announced formal antitrust charges against Amazon over how the tech giant uses data about merchants.
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