Microsoft heads for battle with FTC over $68.7B Activision deal
FTC voted in December to block deal, which it says could violate antitrust laws by suppressing Microsoft Xbox competitors.
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FTC voted in December to block deal, which it says could violate antitrust laws by suppressing Microsoft Xbox competitors.
In a report that originally aired on "CBS Sunday Morning" November 22, 1998, correspondent Rita Braver talked with Internet entrepreneurs (including Zip2 co-founder Elon Musk, Digital Bitcasting owner Peter Dougherty, and Cypress Semiconductors CEO T.J. Rodgers) about competing against tech giant Microsoft, which was then engaged in a fight with the U.S. government over the company's hold on the software market.
Federal regulators say the tech industry mega-merger could mean fewer games for 150 million Activision users.
Microsoft's bid to buy Activision Blizzard has rivals worried about the fate of the hyper-popular game franchise.
The group targeted Uber, Microsoft, Okta and Samsung for extortion, in some cases, DHS Secretary Mayorkas said, "with relatively unsophisticated techniques."
The auction house said that all the proceeds would be donated to charity, as Paul Allen had requested.
Microsoft is also working with the U.S. Army on AI and image recognition.
Facebook parent company Meta posted its third quarter earnings on Wednesday. While they were slightly above Wall Street analysts' expectations, they marked a revenue decline for the second straight quarter. Daniel Howley, a tech editor for Yahoo Finance, joins CBS News' John Dickerson to discuss.
Blockbuster shooting game is center of tug-of-war over Microsoft's pending $69 billion purchase of Activision Blizzard.
The tech-heavy NASDAQ dropped Wednesday after Microsoft and Alphabet released less-than-stellar earnings reports on Tuesday. CBS News anchor Lana Zak spoke with Simeon Hyman, global investment strategist at ProShares, about the larger impact on the markets.
The Dow Jones Industrial Average ended the week up more than 500 points, snapping eight straight weeks of losses. The tech heavy NASDAQ and S and P 500 both saw gains as well. Dan Ives, managing director and senior equity analyst at Wedbush Securities, joins CBS News to discuss what's driving the markets.
Technology companies have increasingly laid off workers in recent months. CBS News tech reporter Dan Patterson dives into the pattern of more layoffs and slower hiring.
A cheaper version of Netflix is expected later this year. It pledges to minimize privacy intrusions common with digital ads.
The 27-year-old application now joins BlackBerry phones, dial-up modems and Palm Pilots in the dustbin of tech history.