Tag: merger
Online used-car marketplace Shift cuts workforce 30% following CarLotz merger
Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its […]
Online used-car marketplace Shift cuts workforce 30% following CarLotz merger by Kirsten Korosec originally published on TechCrunch
SPAC Blockchain Moon reverses course, opts not to liquidate after failed merger
SPAC Genesis Growth, Biolog-ID terminate merger deal
AIRO Group Holdings all set to go public through SPAC merger
AIRO Group Holdings, Inc., a diversified aerospace and defense firm, said it signed a business combination agreement with special purpose acquisition company Kernel Group Holdings (NASDAQ: KRNLU) to become a […]
The post AIRO Group Holdings all set to go public through SPAC merger first appeared on AlphaStreet.
New report says the Microsoft Activision merger is a go in Europe
A new report states that the European Commission will allow Microsoft’s acquisition of Activision Blizzard without the former being made to sell assets to win approval.
This is according to sources familiar with the matter speaking to Reuters. If the sources are correct, this would mean Microsoft would not have to sell Call of Duty or other IPs off to appease the Commission.
When reached for comment, a Microsoft spokesperson told the outlet the company was “committed to offering effective and easily enforceable solutions that address the European Commission’s concerns” and that it was also committed to long-term 100% equal access to Call of Duty “Sony, Steam, Nvidia and others.”
Microsoft says Activision Blizzard merger not viable without Call of Duty
Microsoft Inks Nvidia Game Deal To Assuage Regulators Over Activision Merger
Phil Eisler, vice president and general manager of Nvidia’s GeForce Now segment, said that titles such that “Call of Duty” will not be available on Nvidia’s service unless Microsoft acquires Activision but that other Microsoft-owned titles such as “Minecraft” are covered immediately under the 10-year license agreement. “We were a little concerned about it at the beginning,” Eisler said of the Microsoft-Activision deal. “But then we reached out to Microsoft, and they were very open about wanting to enable cloud gaming and work with us on a 10-year license agreement. So over time, they made us more and more comfortable with it.”
Eisler said Nvidia is not paying Microsoft for access to the titles, which has been the chip company’s practice with other gaming companies such as “Fortnite” maker Epic Games. Instead, Nvidia’s 25 million customers will need to pay Nvidia for access to its cloud gaming platform and pay Microsoft for its games. Nvidia said it now supports the Xbox maker’s bid to purchase Activision, but the deal could still be a hard sell with regulators. Smith said he hoped that rival Sony will consider doing the same type of deal with Nvidia.
Read more of this story at Slashdot.
Western Digital talks with Kioxia on merger are advancing – report
Microsoft and Activision will miss their contractual merger deadline
The US Federal Trade Commission (FTC) has thrown a monkey wrench into Microsoft’s plan to acquire Activision. According to a scheduling order filed last week, the FTC’s antitrust lawsuit hearing against the deal will not begin until August 2. This date is well past the contracted deadline of July 18,…