The U.S. Federal Trade Commission on Monday said it asked a court for a temporary order to prevent Microsoft Corp's $69 billion acquisition of video game maker Activision Blizzard from closing while the regulator continues reviewing the deal.
Southeast Asian e-commerce and gaming giant Sea Ltd is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations.
Microsoft Corp evaded a potential early legal obstacle in its $69 billion deal to acquire "Call of Duty" videogame maker Activision Blizzard Inc , when a U.S. judge on Friday refused to allow gamers in a private suit to preliminarily block the acquisition.
India has approved a three-month trial of Battlegrounds Mobile India (BGMI), a popular battle-royale format game that was banned for nearly a year, a minister from the government said on Friday.
China's Tencent Holdings Ltd marked a return to revenue growth in the first quarter as it recovered from COVID-19-related disruptions and a regulatory freeze on gaming licences a year earlier.