Tuesday’s Headlines: EU Greenlights Activision Blizzard Acquisition, Sono Declares Bankruptcy

Tuesday: EU approves Activision Blizzard acquisition, Sono files for bankruptcy

The EU Commission has given Microsoft the green light for its planned acquisition of Activision Blizzard for 69 billion US dollars. However, the British antitrust authority, CMA, has decided not to approve the deal, citing concerns about dominance in cloud gaming. As such, it remains uncertain whether the acquisition can be completed.

Munich-based electric car manufacturer, Sono Motors, has applied for bankruptcy as plan B to bring its solar-powered car, the “Sion,” to market has fallen through due to financial problems. The company was forced to stop developing its car in February 2022 after failed financing rounds and a successful IPO.

Netflix is planning spending cuts of 300 million US dollars this year as it faces signs of market saturation and a weaker-than-expected user growth rate.

Edinburgh, Scotland has become the site of the world’s first registered bus connection with full-size autonomous buses in public transport. The pilot operation, set to run until 2025, is being overseen by an attendant who monitors operations while the bus is in motion.

Facebook caused a stir when it automatically sent out friend requests on the platform over the weekend without warning when users visited someone else’s profile.

CK Hutchison is selling 60% of the fixed and mobile network infrastructure of its Italian subsidiary Windtre (formerly 3) to Swedish investment consortium EQT Infrastructure, which plans to lease the networks to Windtre and other telecoms companies.

Additionally, Microsoft is ending support for Windows 10 versions before 22H2, with unmanaged versions receiving an automatic update.

Leave a Reply