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Microsoft’s bid for Activision gets UK approval, removing last hurdle to the deal_我的网站

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A |     8月18日上午,位于邯郸市永年区的沃途紧固件制造有限公司生产车间,机器轰鸣声中,一盘盘优质线材经过拔料、退火、冷墩、剪尾、搓丝等多道生产工序,蜕变成一颗颗钻尾螺丝。    LONDON -- Microsoft’s purchase of Call of Duty maker Activision Blizzard won final approval Friday from Britain’s competition watchdog, reversing its earlier decision to block the $69 billion gaming deal and removing the final obstacle for one of the largest tech transactions in history.The Xbox maker’s quest to acquire Activision — maker of other blockbuster games like Candy Crush, World of Warcraft, Diablo and Overwatch — could close imminently ahead of a Wednesday deadline. That would wrap up a merger delayed for close to two years by intense scrutiny from authorities around the world.The blessing from the U.K.'s Competition and Markets Authority was expected after it gave preliminary approval last month to a revamped Microsoft proposal meant to address concerns that the deal would harm competition and hurt gamers, especially in the emerging cloud gaming market where players can avoid buying pricey consoles and stream games to their tablets or phones. “The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers,” the watchdog said. Microsoft was grateful for the “thorough review and decision” on a tie-up that “will benefit players and the gaming industry worldwide,” President Brad Smith said.Activision CEO Bobby Kotick says the game maker looks "forward to becoming part of the Xbox Team.”The deal will benefit gamers and be “productive for the gaming industry as a whole," said Josh Chapman, managing partner at venture capital firm Konvoy, which invests in video game startups.However, it also tilts the “balance of power significantly" in favor of Microsoft, whose Xbox console has lagged behind Sony's PlayStation and Nintendo, said George Jijiashvili, senior principal analyst at tech research and advisory firm Omdia. Microsoft “now has a big opportunity to dictate the future of the games industry,” he said. Since the deal was announced in January 2022, Microsoft has secured approvals from antitrust authorities covering more than 40 countries. Crucially, it got a thumbs-up from the 27-nation European Union after agreeing to allow users and cloud gaming platforms to stream its titles without paying royalties for 10 years.But the deal faced resistance from British and American regulators who worried it would stifle competition in the video game industry. Top rival Sony also feared it would limit PlayStation gamers’ access to Call of Duty, Activision’s long-running military shooter series. The U.S. Federal Trade Commission lost a court bid to pause the deal so that its in-house judge could review it. The FTC hasn't given up, appealing the decision and last month filing notice of its plan to resume that trial. That signals the U.S. regulator's intention to unwind the deal even after it closes. In the meantime, the U.K. regulator was the last major hurdle to the transaction going through. To gets its approval, Microsoft will sell off cloud streaming rights outside the EU and three other European countries for all current and new Activision games released over the next 15 years to French game studio Ubisoft Entertainment. British regulators had initially blocked the transaction over concerns Microsoft could withhold Activision titles from the cloud gaming market. Then, in an unprecedented move, the U.K. watchdog said it needed to reconsider.One factor was the EU’s approval, granted after Microsoft promised to automatically license Activision titles royalty-free to cloud gaming platforms. Another “material change of circumstance,” according to court documents, was an agreement Microsoft signed with Sony to make Call of Duty available on PlayStation for at least 10 years.But the regulator still criticized how the deal came together and warned other companies not to use the “tactics employed by Microsoft.”“Microsoft had the chance to restructure during our initial investigation but instead continued to insist on a package of measures that we told them simply wouldn’t work,” the watchdog's CEO, Sarah Cardell, said in a statement. "Dragging out proceedings in this way only wastes time and money.”The U.K. regulator “deserves credit for imposing a structural remedy on Microsoft that is significantly stronger than the weak commitments accepted by the European Commission," said Max von Thun, director of the Europe office of the Open Markets Institute, a proponent of stronger antitrust enforcement. But the CMA's flip-flopping makes the U.K. regulator look “weak and indecisive,” he said.“Moving forward, there is now a serious risk that in their dealings with the CMA, merging companies and their advisors will no longer take no for an answer,” von Thun said. ___AP Technology Writer Matt O’Brien contributed from Providence, Rhode Island.。库房内,已经打包好的货箱整齐码放,这批订单将发往吉尔吉斯斯坦。“这是今年发展的新客户,目前公司订单中海外市场份额占六成。”沃途公司经理赵博介绍,新客户每年以10%的速度递增,所以新上了一条产线。“吉尔吉斯斯坦的订单要得急,又赶上今年有的国家的订单没有及时提货,导致库存积压,周转资金有些紧张。刚好7月初农行省分行280万元的‘冀群贷’到期,我又申请了续贷,不到一个星期就办好了。”赵博说。

B | 解了赵博燃眉之急的“冀群贷”,是农行省分行开发的产业集群专属信贷产品。

C | 该产品发放对象为产业集群内的小微企业,采用“一项目一方案”形式,制定特色化客户准入方案,大大拓宽了小微企业客户服务覆盖面。

D | 贷款期限最长三年,最高额度为1000万元,只要符合标准,到期后还可享受无还本续贷服务,客户无需全额结清本金,省去了拆借过桥资金的成本。“‘冀群贷’办理手续便捷,贷款利率低,非常适合我们这种小微企业。”赵博回忆,他曾经有过一天内还1300万元本金的经历,当时到处找朋友借钱周转,那种压力记忆犹新。为助力全省107个县域特色产业集群做大做强,省委金融办聚焦产业集群融资难题,去年3月推出“授信服务下基层”活动,引导集群工作基础较好、参与程度较高的金融机构制定“一群一策”专属授信策略,满足集群内企业的差异化融资需求。

E | 永年区汇聚了10000余家紧固件生产销售企业,形成特色产业集群。农行永年支行深耕紧固件产业集群多年,经过系统梳理当地企业共性融资堵点,利用农行省分行开发的分行特色信贷产品“冀群贷”“冀时贷”“工商联企贷”“链e融”以及总行的“科技e贷”“微捷贷”“抵押e贷”等产品综合开展产业集群精准服务对接。与沃途公司一路之隔的固耐安工业股份有限公司,专注高端紧固连接与工程锚固关键零部件自主研发与规模化智造,是国内紧固件细分赛道拥有自主核心技术的民营企业。近年来,固耐安营业收入年均增长30%,产品远销全球100多个国家和地区。“钢材价格波动较大,企业需要在价格下行阶段储备原材料,因此必须保证有充足的流动资金。今年4月,我们申请了2000万元‘科技e贷’授信额度,保障经营周转需求。”公司财务经理曹加加介绍。作为专精特新“小巨人”企业,固耐安符合“科技e贷”最高档授信条件。“科技e贷”是农业银行面向科技型企业量身打造的信贷专属产品,贷款期限最长可达3年,抵质押模式贷款额度最高3000万元,信用方式贷款额度最高2000万元。农行省分行普惠金融事业部产品经理郜泽龙告诉记者,传统贷款产品要求有抵押物和担保,融资门槛高。“冀群贷”“冀时贷”“科技e贷”等产品则可以将公司流水、订单等数据作为授信依据,贷款流程简单、审批手续快捷,且同样享受无还本续贷政策。

F | 开展“授信服务下基层”活动以来,相关金融机构结合自身特色,创新开发出多款针对特色产业集群的专属信贷产品。其中,既有“宁晋电线电缆贷”“安平丝网贷”“高阳纺织贷”等本地化特色产品,又有依托产业链、供应链上核心企业推出的“订单贷”“应收账款质押贷”等金融产品。产业集群贷,“贷”出新动能。截至目前,相关金融机构共为4万余家集群企业发放贷款超700亿元。精准滴灌降低企业运营成本的同时,极大地激发了产业集群发展活力。(日报记者 马朝丽)。

G |

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