Page 11 - Washington Based Microsoft News Today

British antitrust regulators on Wednesday blocked Microsoft's $69 billion purchase of video game maker Activision Blizzard.

British antitrust regulators on Wednesday blocked Microsoft's $69 billion purchase of video game maker Activision Blizzard.

The antitrust regulator said a deal would stifle competition for video games in the fast-growing cloud gaming market.

Regulators worry the $69 billion deal to buy video game maker Activision Blizzard would stifle competition in the cloud gaming market.

Microsoft beat expectations for cloud segment growth and Alphabet reporting declining ad revenue.

Microsoft Corp beat Wall Street's estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales.

Uptick driven by growth in cloud computing

Microsoft Corp beat Wall Street's estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales.

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He maintained a base salary of $2m, nearly $6m in other compensation and around $218m in stock grants in 2022