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Elon Musk cannot keep $55bn Tesla pay package, judge rules | US News
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Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55bn (£43.4bn), a judge has ruled. The Delaware court decision comes five years after a shareholder lawsuit targeted the Tesla chief executive and the directors. The company is incorporated in the state, with oversight for…
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Microsoft’s £55bn takeover of Call of Duty maker now set for UK approval | Business News
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Microsoft’s revised effort to get the £55bn takeover of Activision Blizzard past UK regulators appears to be on track for clearance. The Competition and Markets Authority (CMA) had been a sole thorn in the side of the acquisition, rejecting the original terms on the grounds it had a duty to protect innovation and choice in…
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Microsoft’s £55bn Activision takeover blocked by US court pending hearing | Business News
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A US regulator has succeeded in a bid to temporarily block Microsoft’s £55bn takeover of video game maker Activision Blizzard, preventing the deal being completed this week. The Federal Trade Commission (FTC), which opposes the tie up on competition grounds, went to court last night for a preliminary injunction. A two-day hearing, in which all…
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Microsoft-Activision Blizzard £55bn merger approved by EU – despite UK rejection | Science & Tech News
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The $68.7bn (£55bn) mega merger between Microsoft and game developer Activison Blizzard has been approved by the European Union, just weeks after it was blocked by the UK. European regulators said they accept commitments made by Microsoft that its offer to take over the developer behind Call Of Duty, would not lessen competition. In April,…