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A week after Amazon settles an FTC COPPA case for $25M, Microsoft Xbox settles a COPPA case for $20M.
The European Commission approves Microsoft’s $69B deal to buy Activision Blizzard, provided Microsoft follows through on proposed remedies to address the Commission’s concerns.
Yesterday, the UK’s Competition and Markets Authority issued a final ruling, rejecting Microsoft’s proposed $69B deal with Activision Blizzard.
In 2023, so far, more than 60,000 jobs have been lost. See who laid off staff in our 2023 layoff roundup.
Microsoft signed a 10-year deal with Nintendo for Call of Duty that is binding if regulators approve the Activision acquisition.
Microsoft’s growth slowed in the second quarter of fiscal year 2023 with a 2% increase in total revenue.
Microsoft announced this week it will cut 10,000 jobs by the end of March and take a $1.2B hit for restructuring.
The FTC is trying to block Microsoft’s $69B all-cash acquisition of Activision Blizzard.
For the first quarter of fiscal year 2023, Microsoft reports revenue of $50.1B but a decline in net income.
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