UBS Posts $28.88 Billion Q2 Profit Following Credit Suisse Takeover Overview UBS, Switzerland’s largest bank, reported a second-quarter profit of $28.88 billion, marking its first earnings since completing the acquisition of stricken rival Credit Suisse. The result surpassed analysts’ expectations, who had projected a net profit of $12.8 billion. The strong performance was primarily driven…
Paramount+ Adds 700,000 Subscribers, Reports Revenue Growth in Q2 2023 Written by [Your Name] Paramount announced that it gained 700,000 subscribers in Q2 2023, following the launch of a new subscription tier with integrated Showtime in June. This brings the total subscriber count for Paramount+ to approximately 61 million, up from the 60 million reported…
The Big Folder The big folder As we have known for more than a year now, in the event of a marriage between Activision and Microsoft, the Activision Blizzard King teams will refer directly to Phil Spencer, placed at the head of the Microsoft Gaming entity. Current boss of gaming at Microsoft will have a…
The US Federal Trade Commission Ponders Settlement in Battle with Microsoft over Activision Blizzard Deal The US Federal Trade Commission (FTC) is reportedly considering pausing its legal dispute with Microsoft regarding the company’s impending acquisition of Activision Blizzard. Sources familiar with the case suggest that this development opens up the possibility of a potential settlement…
SEC Settles Fraud Charges with Digital World Acquisition Corp WASHINGTON — The Securities and Exchange Commission announced Thursday that it had settled fraud charges with Digital World Acquisition Corp., the company that is seeking to take former President Donald Trump’s social media venture public. As part of the settlement, DWAC was ordered to pay an…
The latest episode of AsumeTech: A Video Games Podcast is now available on all major audio platforms. This week, AsumeTech’s Jordan Middler is joined by broadcaster Pete Donaldson to discuss the Supreme Court rejecting an attempt by a group of gamers to up-end the Microsoft–Activision merger, why everyone’s suddenly playing classic Call of Duty games,…
Microsoft and Activision Blizzard Extend Merger Agreement Microsoft and Activision Blizzard have agreed to extend their merger agreement until October 18, 2023. The move to extend the agreement came after their initial self-imposed deadline to complete the $69 billion deal expired on Tuesday. The European Commission approved the transaction in May, and last week the…
Microsoft and Activision Blizzard Negotiating Merger Extension Microsoft and Activision Blizzard are reportedly negotiating an extension to their existing merger agreement, which expires on Tuesday. After the July 18 deadline, both companies have the right to walk away from the $69 billion deal, although Microsoft will have to pay Activision a $3 billion termination fee…
Microsoft, Activision Blizzard, and UK’s Competition and Markets Authority granted extended time for merger resolution Microsoft, Activision Blizzard, and the UK’s Competition and Markets Authority (CMA) have formally been granted additional time to resolve their dispute over the anticipated merger of the game companies. In April, the CMA expressed concerns about the impact of the…
Tucker Carlson’s New Twitter Show Lands Major Advertiser Introduction Former Fox News host Tucker Carlson has secured a prominent advertiser for his new Twitter show, which was launched after his departure from Fox News in April. New Advertiser – Public Square Public Square, a shopping app catering to conservatives battling environmental, social, and governance policies,…
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