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Microsoft Hardware Revenue Has Major Decline
For its third fiscal quarter ending 3/31/23, Microsoft reported that Xbox Hardware revenue was down 30% year over year. Xbox content and services were up 3%. Overall game revenue was down 4% to $3.6 billion. Analysis The big news this week has been the U.K. blocking Microsoft’s acquisition of Activision Blizzard. The recently released financia…..
U.K. Blocks Microsoft Purchase of Activision Blizzard
The U.K. Competition and Markets Authority (CMA) has announced it will prevent the proposed Microsoft purchase of Activision Blizzard for $68.7 billion. The deal was blocked on the ground that the merger could make Microsoft even stronger in cloud gaming, stifling competition in the growing market. In making th…..
U.K. CMA Narrows Scope of Microsoft’s Activision Blizzard Purchase
The U.K. Competition and Markets Authority (CMA) has issued updated provisional findings to narrow its scope of review in the proposed Microsoft acquisition of Activision Blizzard. The new findings reach the provisional conclusion that overall the transaction will not result in a substantial lessening of competition for console gaming in the U.K. market This new finding d…..
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