Hot on the heels of the UK regulator’s decision to block the merger between Microsoft and gaming giant Activision Blizzard on dubious grounds, the European Union gave the deal the green light:
“The European Commission said the transaction was pro-competitive due to Microsoft’s agreement to licence popular Activision games such as ‘Call of Duty’ to rival game streaming platforms, confirming a Reuters report in March.
Anyone who has dabbled in the wide world of video games will probably know of Activision Blizzard, or at the very least will have heard of its games. Think Call of Duty, World of Warcraft, Overwatch, Diablo, StarCraft. Yes, even Candy Crush! If you happened to produce a top gaming console, it sure would be nice to have all of those games in-house.
There is no doubt that Australia has plenty of problems. Inflation is still running hot, rental properties are expensive and ridiculously hard to find, and profits for some companies – especially those in the mining sector – are, or at least were recently, at/close to record highs. Meanwhile, real wages are declining and the nation’s productivity over the last decade (the key driver of long-run real wages growth) was at a 60-year low.