#acquisition

As part of the agreement, Microsoft will transfer cloud gaming rights for Activision titles to Ubisoft, effectively resolving the CMA's main issue with the acquisition. In a significant win for Microsoft, a California judge has denied the Federal Trade Commission's (FTC) request for a preliminary injunction to block the company's acquisition of Activision Blizzard. — Phil Spencer (@XboxP3) July 11, 2023 The UK regulator's block on the acquisition is still pending appeal, but Microsoft and the regulator have agreed to pause their legal battle to negotiate a remedy. With the acquisition of Activision Blizzard, Microsoft will have access to some of the most popular gaming franchises, including Call of Duty and World of Warcraft. With the acquisition of Giphy, Shutterstock will gain access to about 1.7 billion daily users—generating about 1.3 billion search queries daily—and expand its content library to include GIFs and stickers. Additionally, the acquisition will allow Shutterstock to expand beyond professional marketing and advertising use cases and expand into casual conversations. Shutterstock's CEO, Paul Hennessy in a press release, called the acquisition “an exciting next step” in the company's journey towards becoming an end-to-end creative platform. The acquisition gives the Microsoft Xbox ownership of Zenimax Media's franchises such as DOOM, Wolfenstein, Elder Scrolls, Dishonoured, Fallout, and many more. Read more in our articles including "Microsoft officially acquires Activision Blizzard for USD 69 billion" and "Microsoft wins vs FTC, gets nod on USD 68 billion Activision-Blizzard acquisition".