It now predicts full-year net profit to touch US$6.1 billion.
Microsoft lays off 1,900 staff
The move comes after Activision Blizzard gaming buyout.Microsoft submits new Activision deal
A previous version of the acquisition deal was blocked.
Microsoft, Activision gaming deal deferred
July 18 was the cut off point to finalize the $75bn deal.US judge pauses Microsoft’s $69 billion buyout of Activision
Judge Edward Davila said in a ruling that it "is necessary to maintain the status quo" while the court considers a longer term injunction on the purchase as requested by regulators at the Federal Trade Commission (FTC). A hearing was set for June 22 and June 23 in San Francisco...Meta sells Giphy at over $260m loss
Meta had purchased Giphy in May 2020 for $315 million.European Union backs Microsoft’s Activision Blizzard takeover
The deal is also under threat in the US, where last year the Federal Trade Commission launched a legal action to block it, one of Washington's biggest ever interventions to stop tech industry consolidation. Microsoft launched its bid for Activision Blizzard early last year to create the world's third biggest...Microsoft’s move to buy games giant faces triple anti-trust threat
Brussels, Belgium--Depending on which side you're on, tech giant Microsoft is either the hero fighting to bring some of the most popular video games to more people, or the villain on the brink of killing competition in the sector. The Xbox-owner has embarked on a campaign to convince all three EU,...
Microsoft quarterly results saved by cloud computing
Microsoft chief executive Satya Nadella last week said he was laying off about five percent of the company’s workforce, just days before pumping several billion dollars into OpenAI, the company behind the controversial chatbot ChatGPT.
Microsoft vows app store fairness
The company is courting favor of antitrust regulators
Microsoft to buy Activision Blizzard
The $69-billion deal is the largest acquisition in the gaming world.
