The Federal Trade Commission has finally given up the ghost on challenging Microsoft's $68.7 billion purchase of Activision Blizzard. "The Commission has determined that the public interest is best served by dismissing the administrative litigation in this case," the agency said in an order issued today.
The federal regulator had attempted to block Microsoft's acquisition of Activision Blizzard both before and after the deal closed back in October 2023. The FTC just lost out on its latest appeal against the merger earlier this month. The Ninth Circuit Court of Appeals ruled that the FTC had not successfully argued several points of its case for a preliminary injunction against the merger, which is one of the biggest acquisitions in the video game industry.
"Today’s decision is a victory for players across the country and for common sense in Washington, D.C. We are grateful to the FTC for today’s announcement," Microsoft President and Vice Chair Brad Smith posted on X about the dismissal.
This article originally appeared on Engadget at https://www.engadget.com/gaming/the-ftc-will-finally-stop-challenging-microsofts-purchase-of-activision-blizzard-225212384.html?src=rss
OpenAI is buying Jony Ive's startup, io, for $6.5 billion, as first reported by The New York Times. The company confirmed the news in a blog post on its website headlined by the photo you see above, which is apparently real and not AI generated. As part of the deal, Ive and his design studio, LoveFrom, will continue to work independently of OpenAI. However, Scott Cannon, Evans Hankey and Tang Tan, who co-founded io with Ive, will become OpenAI employees, alongside about 50 other engineers, designers and researchers. In collaboration with OpenAI's existing teams, they'll work on hardware that allows people to interact with OpenAI's technologies.
OpenAI has not disclosed whether the deal would be paid for in cash or stock. Per the Wall Street Journal, it's an all-equity deal. Open AI has yet to turn a profit. Moreover, according to reporting from The Information, OpenAI agreed to share 20 percent of its revenue with Microsoft until 2030 in return for the more than $13 billion the tech giant has invested into it. When asked about how it would finance the acquisition, Altman told The Times the press worries about OpenAI's funding and revenue more than the company itself. "We'll be fine," he said. "Thanks for the concern." The deal is still subject to regulatory approval.
In an interview with The Times, OpenAI CEO Sam Altman and Ive, best known for his design work on the iPhone, said the goal of the partnership is to create "amazing products that elevate humanity." Before today, Altman was an investor in Humane, the startup behind the failed Humane AI Pin. HP bought the company earlier this year for $116 million, far less than the $1 billion Humane had reportedly sought before the sale.
"The io team, focused on developing products that inspire, empower and enable, will now merge with OpenAI to work more intimately with the research, engineering and product teams in San Francisco," OpenAI writes of the acquisition on its website. "As io merges with OpenAI, Jony and LoveFrom will assume deep design and creative responsibilities across OpenAI and io."
According to The Times, OpenAI already had a 23 percent stake in io following an agreement the two companies made at the end of 2024. OpenAI is now paying approximately $5 billion to take full control of the startup. Whether this points towards physical OpenAI devices on the horizon, and if so what form they take, remains unclear. The description for the YouTube video you see above says, "Building a family of AI products for everyone." Whatever comes out of the acquisition could take years to hit the market, and some of what Ive and his team do may never see the light of day.
This article originally appeared on Engadget at https://www.engadget.com/ai/openai-buys-jony-ives-design-startup-for-65-billion-173356962.html?src=rss
Two of the largest cable companies in the US are intent on merging. Charter Communications’ proposed acquisition of Cox Communications — the largest division of Cox Enterprises — will value the former at over $34 billion inclusive of debt.
In Cox Communications, the Cox family, which acquired its first cable business in 1962, already operates the largest private broadband company in America, supplying homes in more than 30 states, and it will be the majority shareholder in the acquisition with a stake of around 23 percent. In a press release, Charter said it will inherit Cox Communications’ commercial fiber and managed IT and cloud businesses, while Cox Communications' residential cable business will move to Charter’s Charter Holdings subsidiary.
"Cox and Charter have been innovators in connectivity and entertainment services – with decades of work and hundreds of billions of dollars invested to build, upgrade, and expand our complementary regional networks to provide high-quality internet, video, voice and mobile services," said Chris Winfrey, President and CEO of Charter. "This combination will augment our ability to innovate and provide high-quality, competitively priced products, delivered with outstanding customer service, to millions of homes and businesses."
The new combined company will continue to operate its cable, broadband and mobile consumer businesses under Charter’s Spectrum brand, and said it will offer existing customers the choice to stick with their current plans or pay less for new bundled services it intends to offer.
Of course, such mega-mergers are rarely cut and dried. Rivals, like Comcast, might attempt to scuttle the deal, while government antitrust enforcers may also not allow the transaction to go through.
This article originally appeared on Engadget at https://www.engadget.com/big-tech/cable-giants-cox-and-charter-agree-to-34-billion-merger-140652859.html?src=rss
The Ninth Circuit US Court of Appeals has upheld a lower court's ruling that Microsoft's acquisition of Activision Blizzard did not violate antitrust laws. The Federal Trade Commission had sued to block the merger of these large gaming brands on claims that the new entity would fall afoul of antitrust laws. In the court's ruling, released today, the FTC failed to prove that Microsoft would have blocked access to popular titles such as Call of Duty on hardware owned by other gaming brands. The appeals court was also unswayed by the FTC's arguments that the deal would have lessened competition in gaming subscription services and cloud streaming.
The issue of platform-exclusive titles was one of the core tenets of the FTC's latest charge against this acquisition. However, the opinion written by Judge Daniel P. Collins observed that "all major manufacturers have engaged in this practice." And as Microsoft has been making moreandmore of its once-exclusive titles available on new hardware, this may mean that the competition agency will finally accept the deal as done.
The $68.7 billion deal for Microsoft to buy Activision Blizzard closed in October 2023, but the acquisition has faced multiple challenges from the FTC at varying stages of the process. In fact, this isn't the first time the Ninth Circuit Court has rejected the agency's efforts to block the merger. The competition agency also raised alarms about layoffs after the merger closed.
This article originally appeared on Engadget at https://www.engadget.com/gaming/appeals-court-once-again-upholds-microsofts-acquisition-of-activision-blizzard-211008049.html?src=rss
DoorDash has agreed to purchase British food and grocery delivery service Deliveroo for $3.9 billion, the companies have revealed in a filing with the London Stock Exchange. The acquisition will "strengthen DoorDash's position as a leading global platform," the filing said. Deliveroo operates in nine regions, namely Belgium, France, Italy, Ireland, Kuwait, Qatar, Singapore, United Arab Emirates and the United Kingdom. All those regions are new for DoorDash and will give the combined companies access to a total population that exceeds 1 billion people.
It doesn't sound like DoorDash is erasing Deliveroo's brand after it takes over. Instead, they'll both be part of an "Enlarged Group" operating in multiple regions around the world, giving DoorDash an expanded presence in Europe and giving it an entry into the Middle Eastern market. "Both companies are highly complementary, whether in their geographic footprints or their missions, and I am confident that being part of the Enlarged Group will accelerate the realisation of Deliveroo's full potential," Deliveroo chair Claudia Arney said in a statement.
The acquisition is still subject to regulatory and antitrust approvals. As CNBC noted, though, this marks the end of Deliveroo's problems as a public company. It has faced a lot of competition and legal challenges after a period of abundance for food delivery services during the COVID-19 lockdowns, and its share prices have plummeted since it went public in 2021. Before the company went public, Amazon took on the UK's Competition and Markets Authority to become a major investor in Deliveroo. The e-commerce company was the leading investor in a funding round worth $575 million and owned a 16 percent stake in the food delivery service.
This article originally appeared on Engadget at https://www.engadget.com/apps/doordash-is-buying-british-rival-deliveroo-for-39-billion-123005055.html?src=rss
Etsy is selling Reverb, six years after it purchased the online marketplace for musical instruments. Reverb didn't say how much money is changing hands, but Etsy purchased the company for $275 million in 2019. In its announcement, Reverb said that the investors Creator Partners, which was founded by former SoundCloud CEO Kerry Trainor, and Servco, the owner of Fender Musical Instruments Corporation, have entered an agreement to buy the company. The marketplace will not be merging with either investor and will be "privately-held [and] independently operated" like it was before Etsy's acquisition.
Reverb CEO David Mandelbrot said the deal is expected to be completed in the coming weeks. He assured users that they can continue buying and selling on the platform without any disruption during the process. He also briefly talked about what the company is working on for its users, including preparing for the pilot of a new selling option that would allow people to get paid faster and to drop off their instruments locally without even needing to create a listing for them. This could help buyers who want to get their gear locally when available or those who don't want to pay extra on top for tariffs. Reverb is also working on a way to make it easier for find what a buyer is looking for and on a way for sellers to be able ship their instruments more safely.
This article originally appeared on Engadget at https://www.engadget.com/audio/etsy-is-selling-online-music-gear-marketplace-reverb-160002119.html?src=rss
TikTok may be back online and in app stores, but its future in the United States is still far from certain. President Donald Trump’s executive order delaying enforcement of the ban was only a temporary reprieve for the company and the clock is once again running out on a potential ban.
While ByteDance was once resistant to the idea of selling TikTok’s US business, that seems to have changed since Trump took office. A ByteDance investor said early this year that striking a deal to keep TikTok in the US is “in everybody's interest." Officials in China also suggested they were “open” to a deal, according toThe Wall Street Journal.
A number of people and companies have signaled some interest in TikTok. Trump himself has said he would like to see a “bidding war” for the app and that the US government should own a stake in the company. What an eventual deal may look like, though, is unclear. These are the offers we currently know about. On March 9, Trump said the administration was "dealing with four different groups" on a potential deal, though he didn't name names.
Trump’s executive order gave the company 75 days to come to an agreement, though he has recently said he would "probably" extend the deadline if a deal isn't reached by April 5.
Oracle + new US investors
NPR reported in January that Oracle was working with Trump Administration officials on “a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app's global operations.” Under this arrangement, ByteDance “would retain a minority stake in the company” but Oracle would oversee “the app's algorithm, data collection and software updates.”
Recent reports suggest that a new investors, including Silicon Valley heavyweight Andreesen Horowitz, would join TikTok's existing US investors to form a new entity. It could be called "TikTok America," according to a report in The Information. This option is likely appealing because it wouldn't require a new owner to attempt to re-architect the app's algorithm and because TikTok has an existing partnership with Oracle. The cloud company already hosts TikTok’s US user data and the company was a key part of TikTok’s original negotiations to remain operational in the US under a plan called Project Texas. (Those negotiations abruptly fell apart in 2022.)
Trump also previously signed off on a deal for Oracle and Walmart to acquire a 20 percent stake in TikTok in 2020, when the president tried to ban the app during his first term. That deal never materialized.
Microsoft
Microsoft is reportedly also interested in playing a role in TikTok’s future, according to the same NPR story, which said Microsoft was among the “other potential investors” involved in the talks with Oracle. Trump seemingly confirmed this. When asked directly if Microsoft was interested in buying TikTok, Trump responded “I would say yes.”
As with Oracle, this isn’t the first time Microsoft has attempted to acquire the social media company. Microsoft was in talks to buy TikTok in 2020 and take over its US business, but the deal abruptly fell apart. Microsoft CEO Satya Nadella later described it as “the strangest thing I’ve ever sort of worked on.”
Perplexity AI
Just before TikTok briefly went offline, Perplexity AI threw its hat into the ring, offering a deal to ByteDance that “would “create a new entity combining Perplexity, TikTok US and New Capital Partners.”
Since then, Perplexity has tweaked its proposal. The company put out a detailed plan outlining how it would rebuild the app's core recommendation algorithm, integrate shortform videos into its search engine and bring a Community Notes-like fact checking feature to the service.
Project Liberty
Another set of investors that’s proposed a bid to buy TikTok is a group known as Project Liberty. Led by investor Frank McCourt, it includes Kevin O’Leary of Shark Tank fame. The group initially came forward before the ban took effect.
In March, Reddit cofounder Alexis Ohanian announced that he was joining the Project Liberty bid to acquire TikTok's assets. "I'd love to see an app where users actually own their data and where creators have real control," he wrote in a short post on X that hinted at a potential tie-in with... the blockchain. "Imagine bringing all those users seamlessly onchain..." An accompanying video referenced the possibility of "decentralized distribution," but didn't offer details.
O’Leary previously told CNBC that deals involving a government stake may not comply with the law. “That 50/50 deal, I would love to work with Trump on, so would every other potential buyer ... But the problem with some of these ideas is they are inconsistent with the ruling of the Supreme Court,” he said. “I would love to do a deal, if the law provided for it, but I don’t have the luxury of breaching the order of Congress.” Later, he said that the deal "changes by the hour," writing on X that "it's clear to me now that we're going to have to do a dance between the original owners, the founders of ByteDance itself, and interpreting the law of what Congress and Supreme Court has upheld."
MrBeast
YouTuber MrBeast, also known as Jimmy Donaldson, joked on X about buying TikTok ahead of the initial ban. He later said that “so many billionaires” had reached out to him about making an offer that he was going to try to actually pull it off.
Okay fine, I’ll buy Tik Tok so it doesn’t get banned
At least one group has already confirmed his involvement, along with other “high-net-worth individuals” looking to make an “all-cash offer.” That group, led by employer.com founder Jesse Tinsley also reportedly includes Roblox CEO David Baszucki. According to Bloomberg, together they have put together “significantly” more than $20 billion for a bid, though it’s not clear how seriously their offer is being considered. Bloomberg noted that there’s also a possibility that MrBeast may attach himself to other bids.
Amazon
Amazon reportedly made a last-ditch bid to buy TikTok, according to reports in The New York Times and Wall Street Journal. The online retailer reportedly approached Vice President JD Vance and Commerce Secretary Howard Lutnick about the offer, which doesn't seem to be under serious consideration. Amazon declined to comment on the reports.
AppLovin
Another company to make a last-minute offer is AppLovin, a Silicon Valley company that makes software for app developers. The Wall Street Journalreported that the firm also has backing from Steve Wynn, a casino mogul and Trump donor. "AppLovin’s pitch to the Trump administration, which would be funded by Wynn, was that it could solve national security concerns and unleash economic growth as a job creator," The WSJ reported.
OnlyFans CEO Tim Stokely
Yet another eleventh hour bid for TikTok reportedly comes from OnlyFans CEO Tim Stokely. Reuters reports that Stokely (via a startup he runs called Zoop) partnered with the Hbar Foundation, a cryptocurrency firm, to bid on TikTok.
"Our bid for TikTok isn't just about changing ownership, it's about creating a new paradigm where both creators and their communities benefit directly from the value they generate," one of Zoop's executives told the publication.
So where does all this leave TikTok? For now, the company is still in limbo. Even if a tentative deal is announced ahead of the April 5 deadline, ByteDance and Chinese officials would also need to sign off on any agreement in order for it to move forward.
Update, March 10, 2025, 6:55PM ET: This story has been updated to add new statements from President Trump, as well as to add details about Reddit founder Alexis Ohanian joining the Project Liberty bid.
Update, April 2, 2025, 6:47PM ET: This story has been updated with new information regarding proposals involving Oracle and Perplexity AI. It's also been updated to reflect reported bids from Amazon, AppLovin and OnlyFans CEO Tim Stokely.
This article originally appeared on Engadget at https://www.engadget.com/social-media/what-will-happen-to-tiktok-a-look-at-the-potential-buyers-000110723.html?src=rss
Photo illustration of TikTok app logo on a smartphone screen displayed with the American flag (USA). Amsterdam, the Netherlands on January 2025 (Photo by Nicolas Economou/NurPhoto via Getty Images)
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