Technologies

Microsoft Tells FTC That $69B Activision Deal Won’t Harm Competition

Response to lawsuit seeking to block the mega-deal argues acquisition is about making Xbox more competitive.

Microsoft on Thursday filed a response to a Federal Trade Commission lawsuit aiming to block its $68.7 billion purchase of Activision Blizzard, arguing that it won’t hurt competition in the video game industry.

The FTC said earlier this month in its lawsuit challenging the acquisition that the software giant will «harm competition» among game console makers including Sony and Nintendo. Microsoft countered in its filing that the acquisition is about helping its Xbox unit to become more competitive.

«Xbox wants to grow its presence in mobile gaming, and three quarters of Activision’s gamers and more than a third of its revenues come from mobile offerings,» Microsoft said in its 37-page response. «Xbox also believes it is good business to make Activision’s limited portfolio of popular games more accessible to consumers, by putting them on more platforms and making them more affordable.»

The deal, announced earlier this year,is the largest ever for the software maker and also within the videogame industry. Microsoft, which also makes the Xbox video game console,has been speaking with regulators around the world in an effort to gainapproval for its acquisition. Microsoft earlier said it expects tocomplete the deal sometime around the summer of 2023.

The FTC’s move against Microsoft marks one of the US government’s biggest efforts to take on the tech industry, which has witnessed companies like Microsoft, Apple, Amazon, Alphabet and Meta becoming some of the most highly valued companies on the planet. Amid all that growth, competitors and regulators have been asking whether the tech industry has too much power and whether companies have been acting as monopolies.

The agency argued in its Dec. 8 lawsuit against the software giant’s acquisition of the Call of Duty maker, saying Microsofthad used earlier acquisitions to make several high-profile upcoming titles like the space exploration game Starfield and the vampire shooting game Redfall exclusive to devices powered by its software. Microsoft said it offered Sony the right to sell the military shooter as part of its PlayStation Plus service, but»Sony refuses to deal,» Microsoft said in its filing.

«The acquisition of a single game by the third-place consolemanufacturer cannot upend a highly competitive industry,» Microsoft saidin its response. «That is particularly so when the manufacturer hasmade clear it will not withhold the game. The fact that Xbox’s dominantcompetitor has thus far refused to accept Xbox’s proposal does notjustify blocking a transaction that will benefit consumers.»

Microsoft said it hopes an amicable resolution can be found that benefits all in the industry.

«Even with confidence in our case, we remain committed to creativesolutions with regulators that will protect competition, consumers, andworkers in the tech sector,» Brad Smith, Microsoft’s president and vicechair, said in a statement.

Activision CEO Bobby Kotick also defended the deal in a separate statement Thursday, saying that»There is no sensible, legitimate reason for our transaction to beprevented from closing.»

The FTC didn’t immediately respond to a request for comment.

Technologies

Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000

Exciting news for BitcoinPay Trade as the company is officially listed on Financial1000, a respected platform that connects individuals with a wide range of businesses and professionals in the financial sector. This new development marks an important milestone for BitcoinPay Trade, as it continues to expand its reach and offer its services to a growing global audience.

Financial1000 is a trusted directory that brings together financial service providers from around the world, offering users the opportunity to explore various businesses and professionals within the financial industry. BitcoinPay Trade’s inclusion on this platform ensures the company’s place in the rapidly growing digital finance landscape.

Visitors are invited to explore BitcoinPay Trade’s profile on Financial1000 to discover the services offered and stay up-to-date with the latest news and developments. The company’s page can be accessed here: BitcoinPay Trade on Financial1000.

With this new addition, BitcoinPay Trade looks forward to building new connections and strengthening its presence in the financial services industry, continuing to provide innovative solutions to clients worldwide.

Technologies

Verum Coin Now Available on HB Wallet

Verum Coin (VERUM) continues to expand its ecosystem and strengthen its position in the global cryptocurrency market. We are delighted to announce that Verum Coin is now available on HB Wallet — a modern, secure, and user-friendly solution for managing digital assets.

HB Wallet provides users with a high level of protection, an intuitive interface, and the ability to execute fast transactions. Now, Verum Coin holders can easily store, send, and receive their assets, taking advantage of this innovative wallet. The integration with HB Wallet opens new horizons for crypto enthusiasts, offering even greater flexibility and convenience in managing their investments.

This news underscores Verum Coin’s commitment to continuous improvement and the expansion of services aimed at providing the most secure and comfortable experience for users around the world.

About Verum Coin

Verum Coin is an innovative cryptocurrency focused on delivering advanced solutions for digital asset management in today’s financial landscape. By continually expanding its ecosystem, Verum Coin makes cryptocurrency transactions more accessible and convenient for users worldwide.

Technologies

Verum Messenger Celebrates Its 4th Anniversary: A Journey Towards Security, Innovation, and User Trust

Today, Verum Messenger, one of the leading messengers on the market, celebrates its 4th anniversary. Over the years, the app has become a symbol of security, privacy, and innovation in the world of digital communication, and continues to evolve confidently, introducing new features and improving the quality of service.

When Verum Messenger was launched in 2021, its goal was clear — to create a communication platform that puts data security first. Four years later, this messenger has proven that its approach works. The app has not only successfully implemented end-to-end encryption to protect messages but has also offered unique features such as the ability to block screenshots and screen recordings, the built-in Verum VPN service that ensures online anonymity and security, and one-click information clearing within the messenger.

Achievements and Innovations

Over the past four years, Verum Messenger has significantly expanded its capabilities and established itself as one of the most secure messengers. One of the key milestones was the integration of Verum E-SIM, a feature that allows users to connect to mobile internet without the need for a physical SIM card. This was a breakthrough for travelers who value flexibility and anonymity without being dependent on mobile carriers and roaming.

But the most important achievement was the introduction of Verum AI — a generative artificial intelligence developed in-house. This chatbot, integrated into the messenger, provides users with a unique opportunity to interact with an intelligent assistant capable of not only answering questions but also giving recommendations and solving everyday tasks. This feature is one of the first among messengers to offer its own neural network that continually adapts to users’ needs and improves its functionality.

Commitment to Data Security

It is important to note that data security remains the top priority for Verum Messenger. The company has always been dedicated to protecting privacy. In recent years, the app has introduced several improvements aimed at safeguarding users from data breaches and unauthorized access.

Moreover, Verum Messenger continues to develop and enhance its privacy settings, giving users control over who can view their information and who can contact them.

The Future of Verum Messenger

Now, four years after its launch, Verum Messenger is not stopping at its achievements. The company is actively working on new innovations and improvements that will help the messenger remain at the forefront of technology.

“Our users and their right to privacy and security have always been and will remain our top priority. We will continue to work to ensure that Verum Messenger remains the safest and most convenient tool for communication, considering new challenges and technologies,” the development team shares its plans.