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July 4th - Micron Technology officially launched the expansion project of its western Japan factory, with a total investment of 1.5 trillion yen, for the production of advanced memory chips. This expansion is part of its global capacity expansion plan aimed at meeting the needs of the artificial intelligence industry; the Japanese government will provide subsidies of up to 500 billion yen to share the construction costs. This factory expansion will help Micron improve the energy efficiency and data transmission efficiency of chips required for artificial intelligence services and autonomous vehicles. The expanded production line is expected to be operational and shipping around the summer of 2028.July 4th - The National Data Administration announced today the issuance of the "Guidelines for Data Property Rights Registration (Trial)," which will promote the safe, compliant, and efficient circulation and use of data. The national data management department is responsible for the management of data property rights registration nationwide. Specific responsibilities include establishing and improving a unified national data property rights registration system; guiding and supervising data property rights registration activities nationwide; and constructing and managing the national data property rights registration service system. The national data property rights registration service system aggregates registration results and provides unified services nationwide, including publicizing data property rights registration information, querying and verifying registration results, and supporting the management of registration agencies.US President Trump: Iran is very keen to reach a deal; Iran was given a week off to hold Khameneis funeral.SK Hynix is reportedly considering paying a 0.5% fee on its massive ADR offering.July 4th - The Russian presidential website reported on the night of July 3rd that President Putin stated that large-scale strikes against Ukrainian military-industrial complexes and related facilities must continue. The report stated that Putin inspected an auxiliary command post of the Russian Joint Forces Group that day and held a military meeting with the head of the General Staff of the Russian Armed Forces and commanders of various units to discuss the current situation and recent combat developments in the special military operations area.

Microsoft Claims Its $69 Billion Activision Acquisition Will Benefit Gamers

Charlie Brooks

Dec 23, 2022 11:50

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Microsoft stated Thursday that its $69 billion offer to acquire "Call of Duty" developer Activision Blizzard (NASDAQ:ATVI) will benefit both gamers and gaming firms.


Microsoft (NASDAQ:MSFT) made the claim in a brief aimed at persuading a judge at the U.S. Federal Trade Commission to approve the acquisition, after FTC commissioners warned the merger would impede competition in the gaming sector in a complaint filed this month to prevent the agreement.


In a complaint filed on December 8, the FTC expressed worry that Activision's popular titles, such as "World of Warcraft" and "Diablo," could no longer be available on devices that compete with Microsoft's Xbox. A hearing before an administrative law judge has been scheduled for August 2023.


President of Microsoft Brad Smith stated in mid-December that the business has offered to sign a legally enforceable consent decree with the FTC to supply "Call of Duty" games to competitors such as Sony (NYSE:SONY) and others for a decade.


"A single game purchase by the third-place console maker cannot destabilize a highly competitive industry. This is especially true when the maker has made it obvious that the game will not be withheld "Microsoft stated in a filing on Thursday.


Smith stated in a statement released this week that he remained confident in the company's legal position, but remained "committed to finding solutions with regulators."


Bobby Kotick, the chief executive officer of Activision, said in a statement on Thursday that he expects the firms will succeed in their legal battle with the trade commission.


The Biden administration has adopted a more robust antitrust enforcement strategy. The U.S. Department of Justice recently blocked a $2.2 billion merger between the world's largest book publisher, Penguin Random House, and its smaller U.S. competitor, Simon & Schuster.


The Microsoft transaction is also under examination outside the United States, with the European Union stating that it will determine whether to allow or ban the deal by March 23, 2023.

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