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
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Men experience imposter syndrome too – here’s how to overcome it
Imposter syndrome isn’t a disease, but it can do real damage to our confidence and self-esteem if it’s goes unchecked. And while it’s often associated with women, men can experience it too – as recently highlighted. Speaking on BBC Radio 4’s Last Word recently, Mike Parkinson revealed that his father, Sir Michael Parkinson – who died aged 88 earlier this month – dealt with “imposter syndrome” and “was wracked with self-doubt”. He went on to say that the well loved late chat show host, who interviewed the likes of Victoria and David Beckham and Muhammad Ali during his career, “didn’t have as much self-confidence as he appeared to have on TV”. The director also said that despite his father’s obvious success, he was “still very class ridden” and “very insecure”. These words will no doubt strike a chord with many. Here’s a closer look and imposter syndrome and what men can do to help manage it. What is imposter syndrome? “Impostor syndrome is not a mental illness. It is rather a term applied to the internal psychological experience of feeling like a fraud in a particular area in your life, despite evidence of success or external validation,” says Dr Jon van Niekerk, group clinical director at Cygnet Health Care. It is also a myth that men do not suffer from impostor syndrome... “It might come as a surprise to some, but it is fairly common experience, with 70% of people having at least one episode at some point,” he adds. “It is also a myth that men do not suffer from impostor syndrome. In fact, research has shown that if surveys are anonymous, there are similar levels of these symptoms between men and women. The difference is that men can find it more difficult to talk about these feelings.” What signs might they experience? Dr Elena Touroni, consultant psychologist and co-founder of The Chelsea Psychology Clinic, believes at its core, imposter syndrome is associated with “feelings of self-doubt sparking fears of being ‘exposed’ as a fraud, or diminishing genuine achievements and attributing them to luck rather than skill”. She adds: “On the surface, these internal battles might manifest as overworking to prove one’s worth, delaying tasks due to fear of imperfection, or an unending quest for validation.” As a result, van Niekerk says men could “compensate by overworking to achieve impossible standards they set themselves. Many people that have impostor syndrome are ‘overachievers’ and their personal and family life suffers. “Some people also self-sabotage their relationships, as they do not believe the deserve affection from others,” he adds. “If not managed well, it can ultimately lead to burnout and more severe mental health issues, like depression and anxiety.” What are the possible causes?There are various factors that play a role in imposter syndrome, especially as people may have different triggers for these feelings, and in different areas of their lives. “These feelings and beliefs can often be traced back to schemas – mental blueprints formed by our early experiences,” says Touroni. “These schemas shape our perception of ourselves, the world, and our place in it. When early experiences involve neglect, abandonment or overly critical parents/caregivers, it can lead to a lasting belief of not being ‘good enough’.” How can men overcome imposter syndrome? Reflecting on your strengths and positive past experiences is often a great place to start. “It is important to not just accept self-defeating thoughts. If you experience these thoughts, it is important to note them and remind yourself of why you are in a particular position, and what past accomplishments you have had,” says van Niekerk. “Once you open up, you will be surprised how many people struggle with similar thoughts. Usually, these settle down once you have been in a particular role for some time, but if they impact on you pursuing your goals or your relationships, it might be helpful to speak to a therapist.” Touroni adds: “Imposter feelings tend to run deep. But, with dedication and the right support, they can be challenged and changed. A therapist can help you unearth the origins of these beliefs, challenge their accuracy, and cultivate healthier, more empowering perspectives and coping mechanisms.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live 8 of the coolest plants for shady gardens This is how stress affects different parts of the body Curls feeling frazzled? 6 ways to repair summer hair damage
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