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Elon Musk ordered to appear before regulators for a third time as they probe his £35bn Twitter takeover | Science & Tech News
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Elon Musk has been ordered to testify for a third time in the probe into his takeover of Twitter, now known as X. US magistrate judge Laurel Beeler issued an order on Saturday night after Musk failed to appear before the Securities and Exchange Commission (SEC) on the arranged date. The judge said Musk “did…
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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 in fresh bid to get Activision Blizzard takeover past UK regulator | Business News
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The UK’s competition regulator has launched a fresh investigation into Microsoft’s proposed £55bn takeover of Call of Duty maker Activision Blizzard after the tech firm offered a new remedy in a bid to get the deal over the line. The Competition and Markets Authority (CMA) confirmed on Tuesday that it stood by its final decision…
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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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Twitter loses second trust and safety chief since Elon Musk takeover | Science & Tech News
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Twitter’s head of trust and safety has resigned from the social media company, according to a report. Ella Irwin told Reuters news agency she had resigned, not long after Fortune reported her internal Slack account appeared to have been deactivated. Ms Irwin oversaw content moderation – a controversial subject for a company that has been…
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Microsoft’s £56bn Activision Blizzard takeover moves closer as UK watchdog drops concerns | Business News
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Britain’s competition watchdog has provisionally dropped concerns that Microsoft’s proposed takeover of Activision Blizzard would damage the UK console gaming market. The Competition and Markets Authority (CMA) last month warned the £56.7bn deal could result in higher prices, fewer choices or less innovation for UK gamers. However, it said its latest findings have now indicated…
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Microsoft $69bn takeover of Call of Duty maker Activision Blizzard challenged by US watchdog | Business News
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A US competition watchdog has moved to block Microsoft’s $69bn (£56bn) bid to buy Call of Duty maker Activision Blizzard. The action by the Federal Trade Commission (FTC) threatens the tech giant’s plans to rapidly expand its portfolio of games and catch up with rivals. Microsoft, which owns the Xbox console and game network platform,…
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Hate speech surged on Twitter after Elon Musk’s takeover, new research shows | US News
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The use of hateful language on Twitter has increased substantially since Elon Musk took over, according to new research. Mr Musk completed his $44bn acquisition of the social networking platform in late October, promptly laying off roughly half of the company’s 8,000 workers. Although the head of trust and safety, Yoel Roth, said at the…
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‘It’s been fun Twitter – I’m out’: Eight celebrities who might quit site after Elon Musk’s takeover | Science & Tech News
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Elon Musk pledged to make getting rid of spam accounts one of his main priorities after buying Twitter – but there’s another mounting exodus that he perhaps did not intend. Fears over the SpaceX founder’s potentially loose stance on content moderation has plenty of genuine users considering their future on the platform, including some of…
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Elon Musk completes $44bn Twitter takeover – and immediately sacks top executives | Science & Tech News
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Elon Musk has completed his $44bn (£38bn) takeover of Twitter after months of toing and froing over the deal. His first move was to fire the social media company’s top leadership, which he accused of misleading him over the number of spam accounts on the platform. Musk sacked Twitter’s chief executive Parag Agrawal, chief financial…