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US sues to block Xbox takeover of Call of Duty developer Activision Blizzard
US sues to block Xbox takeover of Call of Duty developer Activision Blizzard
The US Federal Trade Commission has sued to stop Microsoft buying Call of Duty developer Activision Blizzard. It is just the latest problem for the deal, which has already been blocked by UK regulators. If completed, it will become one of the largest takeovers ever – but has faced scrutiny from regulators around the world, who argue that it might cause problems for the gaming market. The FTC's Monday filing in a federal court in San Francisco seeks a restraining order and injunction to stop Microsoft's $69 billion purchase of the California gaming company behind hit franchises such as Call of Duty and World of Warcraft. Microsoft, maker of the Xbox game system, has been struggling to win worldwide approval for the deal with just over a month before the deadline to close it, according to the contract it signed with Activision. “We welcome the opportunity to present our case in federal court," said a statement Monday from Brad Smith, Microsoft's vice chair and president. "We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.” The FTC already took Microsoft to court to block the merger, but that was before the U.S. agency's in-house judge in a trial set to start on Aug. 2. That administrative process doesn't preclude the parties from closing the deal. The contract between Microsoft and Activision required the deal to close by July 18, but the FTC's latest action seeks to stop that from happening. “Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust reviews of the transaction in other jurisdictions," the FTC said in a statement Monday. "But Microsoft and Activision have not provided assurances that they will maintain that position. In light of that, and public reporting that Microsoft and Activision Blizzard are considering closing their deal imminently, we have filed a request for a temporary restraining order to prevent them from closing while review continues.” Microsoft's other main obstacle is in the United Kingdom, where antitrust regulators have also taken action to block the acquisition. The all-cash deal announced in January 2022 has been scrutinized by regulators around the world over fears that it would give Microsoft and its Xbox console control of Activision's hit franchises and give it an unfair boost in the emerging business of cloud-based game subscriptions. It could be the priciest tech industry merger in history. Fierce opposition has been driven by rival Sony, which makes the PlayStation gaming system. Microsoft sought to counter the resistance by striking a deal with Nintendo to license Activision titles like Call of Duty for 10 years and offering the same to Sony if the deal went ahead. European regulators representing the 27-nation bloc approved the deal last month on condition that Microsoft make some promises meant to boost competition in the cloud-based gaming market. A number of other countries, including China, Japan, Brazil and South Korea, have also approved it. But the blockbuster deal has remained in jeopardy because of the surprise April decision by the U.K.’s Competition and Markets Authority and the ongoing case in the U.S. Microsoft in late May filed an appeal of the British regulator's decision and has also voiced strong public opposition directed at top government officials. U.S.-based consumer advocacy group Public Citizen, an opponent of the deal, welcomed the FTC's move Monday. “Although the agency has already used its authority to block the merger through administrative proceedings, Microsoft is pushing to culminate the purchase of Activision before the agency can finish its process," said a statement from Public Citizen's competition policy advocate Matt Kent. ""By filing in federal court to enjoin the transaction, the FTC is showing that it won’t back down in the face of Microsoft’s escalatory tactics.” Additional reporting by Associated Press
2023-06-14 01:55
In a refugee camp in Kenya, food shortages left kids hungry even before Russia ended grain deal
In a refugee camp in Kenya, food shortages left kids hungry even before Russia ended grain deal
One of the world's largest refugee camps offers a stark example of the global food security crisis
2023-07-20 13:57
Crude slips on easing worries of region-wide Middle East war
Crude slips on easing worries of region-wide Middle East war
Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a...
2023-10-30 11:07
Microsoft Posts Tepid Sales Growth as Cloud Business Slows
Microsoft Posts Tepid Sales Growth as Cloud Business Slows
Microsoft Corp. reported tepid fourth-quarter sales growth, held back by decelerating demand for cloud-computing services while the software
2023-07-26 04:22
Rakuten to combine credit card and mobile payments business -NHK
Rakuten to combine credit card and mobile payments business -NHK
TOKYO Japan's Rakuten Group will combine its credit card and mobile payment businesses and is considering listing its
2023-08-10 11:29
Toronto home prices rise in May as sales jump 20%
Toronto home prices rise in May as sales jump 20%
By Fergal Smith TORONTO Greater Toronto Area (GTA) home prices increased in May from April and sales rose
2023-06-02 17:02
Turkey’s Current Account Swings to a Wider Deficit Than Forecast
Turkey’s Current Account Swings to a Wider Deficit Than Forecast
Turkey’s current account swung back to a deficit in July on the back of surging gold imports and
2023-09-11 15:15
Yes, you can use your voice to write in Google Docs. Here's how.
Yes, you can use your voice to write in Google Docs. Here's how.
Why did no one tell me that Google has a speech-to-text feature? I only discovered
2023-10-11 17:00
DeSantis unveils energy agenda from Texas oil country
DeSantis unveils energy agenda from Texas oil country
Flanked by two oil rigs in West Texas, Florida Gov. Ron DeSantis shared his vision Wednesday for America's energy sector, with an emphasis on unraveling President Joe Biden's ongoing efforts to fight climate change.
2023-09-20 23:38
Festival fashion isn’t just about ripping off Kate Moss… it might not even exist anymore
Festival fashion isn’t just about ripping off Kate Moss… it might not even exist anymore
Crop tops. Denim cut-offs. Someone else’s wellies. In 2023, festival fashion has officially become a tired sport. Even the words themselves carry connotations that seem to have fallen far out of sync with the sartorial zeitgeist. Is anyone still slathering themselves in glitter? Do we still care about sequins and novelty sunglasses? And surely we’ve all long-tired of neon by now? With Glastonbury Festival underway this weekend, all of this begs one crucial, singular question: Does festival fashion still exist? The fashion industry’s growing environmental conscience might provide an answer. Today, it’s much cooler to source your wardrobe from the likes of Depop and your local charity shop than Asos or Big Topshop (RIP). We fell out of love with fast fashion some time ago and, as a result, generally far more considerate consumers when it comes to our clothing. This is, of course, a very good thing. But it’s also completely at odds with the concept of festival fashion. Few modes of dressing revolve around disposability quite like it. Think about it. A typical festival lasts one weekend, during which time you will inevitably be camping in a wide range of weather scenarios, sweating and dancing for hours on end without access to showers. You’ll also be surrounded by scores of people who may or may not raid your tent for all of your belongings. In short, you don’t exactly want to bring items you care about. Hence why fast fashion and festivals made so much sense; flimsy, cheap, tacky garments comprised the optimum capsule wardrobe. At least they did, anyway – until everyone wised up to the environmental consequences. Nonetheless, if you’re going to a festival this summer, it’s a universally accepted truth that you will probably have to wear some clothes. Where, then, does that leave you? And what of festival fashion trends? Is there space to tap into the latest cool, new thing when you’re trying to shop sustainably and save money? Can we still have a hot girl (festival) summer? “The cost of living crisis is having a huge impact on young peoples’ purchasing patterns, particularly when it comes to ad hoc events, so second-hand buys are proving a big hit for festival season,” says Emily Gordon-Smith, content director and sustainability lead at the trend and insights forecaster Stylus. “This means tapping into more personalised looks, not straight off the high street, and often with a nod to iconic festival-ready styling that definitely includes Kate Moss in her Glasto heyday.” As any seasoned festival-goer will know, few outfits have stood the test of time quite like Moss’s from the early Noughties. One quick Google search will bring up hundreds of infamous shots of the model stomping through the muddy fields in micro-shorts, leather trousers, waistcoats, belted mini dresses, and other understated, utilitarian looks that couldn’t be further from the festival fashion aesthetic du jour. Other style mavens for the era? Alexa Chung in a silver mini dress with a jumper tied loosely around her waist. Sienna Miller in yellow sunglasses and a studded belt. And so on. They weren’t so much dressing for festivals as they were just dressing for a day of drinking beer and watching live music. Yes, they looked amazing, but it wasn’t because they were soaking themselves in lame co-ords. It was because they weren’t trying very hard, and it’s this modus operandi that has established itself at the centre of festival fashion now. Kate’s festival looks are still being recreated on the runways, with key items like the waistcoats and flat knee boots appearing in many collections Emily Gordon-Smith It’s also at the root of the Y2K trends reigning supreme on catwalks across the globe for the last year. “The Nineties and Noughties continue to be eras of stylistic fascination for those not even old enough to remember them, so of course style icons like Kate Moss are a major reference point,” adds Gordon-Smith. “Her festival looks are still being recreated on the runways, with key items like the waistcoats and flat knee boots appearing in many collections including those from Celine and Stella McCartney.” As for how to incorporate all this into your own festival wardrobe, it’s obviously not as easy as popping into a high-end luxury store and snapping up a £700 waistcoat. But if you want to follow in Moss and Co’s footsteps, the way to do it is to actually do the exact opposite and try and find something unique. It might sound counterintuitive but, ultimately, that’s what made their outfits so memorable in the first place; you couldn’t easily replicate them. That’s not to say you can’t look for key items, like tinted sunglasses and mini dresses, but you can find standout ones by taking your search onto secondhand shopping platforms, where you’ll find limitless options and one-off pieces. On Depop, some of the most searched-for items reflect a wide range of trends for festival season, spanning from “silver” (21 per cent increase in searches) and “lace cami” (37 per cent) to “mirror” (65 per cent) and “parachute pants” (1,200 per cent). If you do find yourself wanting to follow the crowd, though, the leading trend of the season is “Western”. According to money-saving platform WeThrift, searches for the “cowboy aesthetic” have increased by 40 per cent on Pinterest in the last 90 days. Meanwhile, over on TikTok, the #cowboyaesthetic hashtag has surpassed more than 4.3 million views. The hashtag #cowboyboots has more than 920.9 million views. Similar data has been found by retailers, with Pretty Little Thing reporting a 57 per cent increase in searches for cowboy boots in the last month, while “Western” searches have surged by 49 per cent. So long as you wear it right, it’s a look that reflects the boho chic image of the early Noughties Glastonbury set. Our suggestion is to pair some brightly coloured boots (we love these ones) with a secondhand slip dress and a pair of yellow-tinted shades. Throw on an oversized cargo jacket and you’re all set. Alternatively, if the sun is shining you might find yourself wanting to opt for a pair of statement trainers (these ones are very Nineties), which would work well with some classic Adidas tracksuit bottoms, a lace cami and some tiny sunglasses, amounting to a very Bella Hadid look. If you must do the crop top and denim cut-offs combo, there are ways to reinvent it a little. Try a knitted option from sustainable Australian brand MNK, for example, and there are plenty of secondhand denim shorts available across the web. All of it is easy to do – and far more comfortable than the festival outfits of yore – if you know what you’re doing. Just remember, though, that if you’re channelling Moss, less is always more. Don’t be afraid to take risks. And stay very far away from the glitter. Read More Glastonbury 2023 – live: Immigration enforcement officers spotted near festival site at Castle Cary station Flip-flops, nudity and ‘up the vajayjay!’: How the red carpet became a platform for protest Subversive? Dangerous? Boring?: How the red carpet became a barometer for modern masculinity
2023-06-22 13:30
Who is Robert Rausch? 'Love Island USA's Casa Amor bombshell stirs drama as he flirts with Carmen Kocourek and Imani Ayan
Who is Robert Rausch? 'Love Island USA's Casa Amor bombshell stirs drama as he flirts with Carmen Kocourek and Imani Ayan
'Love Island USA's Casa Amor entry Robert Rausch was spotted kissing Imani Ayan in a preview clip after he claimed to have liked Carmen Kocourek
2023-08-08 11:19
Hurricanes retain Fast and Raanta, while Rangers add Wheeler and Quick as NHL free agency opens
Hurricanes retain Fast and Raanta, while Rangers add Wheeler and Quick as NHL free agency opens
The Carolina Hurricanes were able to retain two players — goalie Antti Raanta and forward Jesper Fast — before the NHL’s free agent signing period began
2023-07-02 01:28