Tech Brew Ride Home Wed. 04/26 - The UK Is Blocking Microsoft’s Activision Acquisition
Apr 26, 2023
The UK has blocked Microsoft's acquisition of Activision, sparking discussions on corporate moves. Microsoft's earnings reveal struggles, while Alphabet's cloud business hits profit for the first time. A new Mavic drone is showcased for its impressive features. Cruise expands its self-driving taxi service into daylight hours. Meanwhile, Binance faces increasing legal pressures, stirring speculation about the future of the crypto market.
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UK Blocks Microsoft Activision Deal
- The UK unexpectedly blocked Microsoft's Activision acquisition over competition concerns.
- This casts doubt on the deal's future, impacting Microsoft, Activision, and the gaming market.
Microsoft's Q3 Earnings: Cloud Up, Hardware Down
- Microsoft's Q3 earnings show growth in cloud computing, but declines in Windows, devices, and Xbox.
- The PC market downturn significantly impacted Microsoft's hardware revenue.
Alphabet Q1: Ad Revenue Down, Cloud Profitable
- Alphabet's Q1 results reveal declining ad revenue for the second consecutive quarter.
- However, Google Cloud achieved profitability for the first time, offering a positive sign.