EXPLAINER: Microsoft's Activision buy could shake up gaming

Microsoft stunned the gaming industry when it announced this week it would buy game publisher Activision Blizzard for $68.7 billion, a deal that would immediately make it a larger video-game company than Nintendo. Microsoft, maker of the Xbox gaming system, said the deal would be...

Microsoft buys game maker Activision Blizzard for about $70B

Microsoft is paying the enormous sum of nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, a deal that would immediately make it a larger video-game company than Nintendo while raising questions about the deal’s possible anti-competitive effects. ...

US regulators aiming at illegal and anticompetitive mergers

WASHINGTON (AP) — U.S. competition regulators have mounted an effort to tighten enforcement against illegal mergers, in line with President Joe Biden’s mandate for greater scrutiny to big business combinations. The Justice Department and the Federal Trade Commission announced...

GoFundMe acquires nonprofit fundraising platform Classy

The crowdfunding platform GoFundMe announced Thursday that it has signed a deal to acquire the nonprofit fundraising company Classy, a move that will help the largest crowdfunding site further increase its influence in the philanthropic sector. Under the agreement, Classy will become...

EU rejects merger of SKorean shipbuilders Daewoo, Hyundai

BRUSSELS (AP) — The European Union on Thursday rejected the merger between South Korean shipbuilders Hyundai and Daewoo, saying a union between two of the world’s biggest players in the industry would have given the combined company a global stranglehold on the production of liquified natural...

Take-Two Interactive acquires Zynga, with an estimated enterprise value of $12.7 billion, to create a gaming force

New York Times to purchase The Athletic for $550 million

The New York Times Company has agreed to acquire the sports-subscription site The Athletic for $550 million. The Times, which announced the deal Thursday after the markets closed, said the sale is expected to close during the first quarter of the year. There is a bit...

Southampton bought by firm fronted by Serbian media giant

SOUTHAMPTON, England (AP) — Southampton has been bought by a company fronted by the founder of eastern European telecommunications giant United Group, the English Premier League club said Tuesday. Dragan Solak's Sport Republic purchased the 80% stake held by Chinese businessman Gao...

New Mexico utility files appeal over rejected merger

ALBUQUERQUE, N.M. (AP) — The state’s largest electric utility is appealing a recent decision by regulators to reject a proposed merger with a U.S. subsidiary of global energy giant Iberdrola. PNM Resources announced that it filed its notice of appeal with the New Mexico Supreme...

Lawmakers want to study costs, benefits of public power

ALBUQUERQUE, N.M. (AP) — More than a dozen New Mexico lawmakers are petitioning state utility regulators to study the potential costs and benefits of publicly owned electrical power for the state. The lawmakers in a petition released Tuesday said they believe public ownership of...