Tech Brew Ride Home Fri. 10/13 – The Activision Acquisition Goes Through
Oct 13, 2023
Microsoft has scored a major win with the green light for its Activision Blizzard acquisition, reshaping the gaming landscape. Meanwhile, an EU investigation into X highlights the ongoing battle against misinformation. The venture capital scene faces a downturn, reaching its lowest levels in years. Netflix is venturing into physical experiences with new stores that blend shopping and entertainment. Plus, significant shifts in tech and gaming are underway, raising questions about legacy and future strategies.
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Activision Acquisition Approved
- Microsoft's acquisition of Activision Blizzard has been approved by the UK regulator.
- This concludes a nearly two-year process, marking a significant win for Microsoft in the gaming industry.
EU Investigates X
- The EU launched its first investigation under the new Digital Services Act, targeting X (formerly Twitter).
- The investigation concerns X's handling of alleged disinformation related to the Hamas-Israel war.
VC Funding Decline
- US venture capital funding in Q3 2023 dropped to its lowest point since 2018, with deal counts nearing 2019 lows.
- Despite market stress, the ecosystem maintains strong capitalization, but IPOs remain limited due to low market multiples.