Saber Interactive may escape Embracer’s death hug and become a private company
Saber Interactive has reportedly found an exit strategy from the death grip of its parent company, Embracer Group AB. Bloomberg reported Thursday that “a group of private investors” will buy the studio in a deal worth roughly $500 million. Saber would then become a private company with about 3,500 employees….
The FTC is investigating Microsoft, Amazon and Alphabet’s investments into AI startups
The Federal Trade Commission is launching an inquiry into massive investments made by Microsoft, Amazon and Alphabet into generative AI startups OpenAI and Anthropic, the agency announced on Thursday. The FTC said that it had issued “compulsory orders” to the companies and would scrutinize their relationships with AI startups to…
Microsoft’s $68.7 billion purchase of Activision Blizzard finally gets UK approval
UK’s antitrust regulator has given Microsoft the green light to buy Activision Blizzard for $68.7 billion following a protracted back and forth. The regulator called Microsoft’s concession to sell cloud gaming rights to Ubisoft a “gamechanger that will promote competition.” With the last major obstacle out of the way, the…
Letterboxd sells a majority stake after explosive pandemic-fueled growth
The film-focused social media site LetterBoxd has new ownership. Cofounder Matthew Buchanan announced on Friday that Tiny, a venture capital firm, has bought a 60 percent stake in the platform. The New York Times reported that the deal values Letterboxd at over $50 million. Buchanan and fellow founder Karl von Randow…
Microsoft will sell Activision Blizzard streaming rights to Ubisoft in attempt to win UK approval
Microsoft is significantly restructuring its Activision Blizzard merger proposal by selling cloud gaming rights for Activision Blizzard games to rival Ubisoft, it wrote in a blog post late yesterday. That would address a key concern of UK regulators, which blocked the deal in part become of Microsoft’s potential dominance in…
Intel walks away from its $5.4 billion takeover of Tower Semiconductor
After announcing the deal last year, Intel will no longer acquire Tower Semiconductor for $5.4 billion, the company announced in a press release. It was unable to “obtain in a timely manner the regulatory approvals required under the merger agreement” it wrote — specifically in China, according to Bloomberg. Tower…
Logitech acquires streaming controller maker Loupedeck
Loupedeck, which started as an Indiegogo project with its original Lightroom editing console, has been acquired by Logitech for an undisclosed “non-material” sum, the companies announced. “This acquisition augments Logitech’s product portfolio today and accelerates our software ambitions of enabling keyboards, mice and more to become smarter and contextually aware,”…
Appeals court rejects the FTC’s last-ditch attempt to stop Microsoft from buying Activision
The Federal Trade Commission has been unsuccessful in its last-ditch effort to pump the brakes on Microsoft’s $68.7 billion purchase of Activision Blizzard. The Ninth Circuit Court of Appeals declined to grant the agency an emergency stay of a ruling that allows the deal to proceed in the US, leaving…
FTC appeals ruling that would have let Microsoft’s Activision takeover move forward
The Federal Trade Commission isn’t giving up on its attempt to halt Microsoft’s pending $68.7 billion purchase of Activision Blizzard. The agency said in a filing it’s appealing Judge Jacqueline Scott Corley’s denial of its request for a preliminary injunction to temporarily stop the deal from going through. The FTC…