#merger

The deal is currently waiting for federal approval, amid concerns of the merger reducing competition in the gaming market. "Evidence suggests that decades of mergers have been a key driver in consolidation across industries, with this latest merger wave threatening to concentrate our markets further," FTC Chair Lina Khan said in a press conference earlier this year. The Philippines' TNC Gaming, premium gaming spot High Grounds Cafe, and Malaysian ESports outlet SYBER have announced a merger that will aim to spearhead the flourishment of the ESports industry here in the country. This merger with the three companies was made official with the signing of a Memorandum of Understanding last July 25 at High Grounds in Tomas Morato, Quezon City. It's all over the place -- Microsoft has formally announced its withdrawal from the proposed Yahoo merger. Microsoft backed out of the merger plan not because it cannot afford the asking price of $37/share (an additional $9 billion from the original price) but because Yahoo's recent partnership with Google made things more complicated. JG Summit Capital, a wholly-owned subsidiary of JG Summit Holdings, Inc., has announced that it has approved the merger of the Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC), with the former emerging as the surviving entity. Read more in our articles including "Microsoft signs 10-year deal to bring Call of Duty to Nintendo platforms" and "Activision Blizzard stockholders back $68.7 billion Microsoft deal".