The US Federal Trade Commission is poised to pause its in-house trial against Microsoft Corp's $69 billion acquisition of Activision Blizzard opening the door to potential settlement talks, Bloomberg News reported on Thursday. Microsoft and FTC did not immediately respond to Reuters requests for comment.
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Microsoft, Activision urge US to drop case against deal before internal FTC judgeWASHINGTON: Microsoft, which is seeking to wrap up its acquisition of game-maker Activision for US$69 billion, urged the Federal Trade Commission to withdraw a case against the deal that the agency had brought before an internal FTC judge, according to a motion posted to the FTC's website on Wednesday.
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Microsoft to offer some free security products after criticismWASHINGTON : Microsoft Corp is expanding its suite of free security tools for customers, the software company said on Wednesday, following criticism that it was charging clients to protect themselves against Microsoft's mistakes.The move follows a high-level hack that allowed allegedly Chinese spies to st
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Morgan Stanley moves 200 technologists out of China on data law - Bloomberg NewsMorgan Stanley is shifting more than 200 technology developers out of China after the country tightened access to cache of data stored onshore, Bloomberg News reported on Tuesday, citing people familiar with the matter.Most of the employees are being moved mainly to Hong Kong and Singapore, according to t
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Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News:Apple is working on artificial intelligence (AI) offerings similar to OpenAI's ChatGPT and Google's Bard, Bloomberg News reported on Wednesday, sending its shares up as much as 2 per cent to a record high.The iPhone maker has built its own framework, known as 'Ajax', to create large language models (LLMs) an
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Bain Capital raises SoftwareOne takeover offer to $3.7 billion - Bloomberg NewsBain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion), Bloomberg News reported on Thursday, citing people with knowledge of the matter.The private equity firm has tabled a new proposal of around 20 francs per share for the Swiss software manageme
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