Nvidia supports Microsoft, Activision merger after Xbox deal to add games to cloud service
Publishing timestamp: 2023-02-21 15:26:47
Summary
Microsoft and Nvidia signed a 10-year deal to bring Xbox PC games to Nvidia's GeForce Now game-streaming service. Microsoft President Brad Smith met with European Union officials in an effort to convince them that its planned $69 billion acquisition of Activision Blizzard will be good for competition. The deal will allow Microsoft to expand its gaming unit and make its Xbox games available on Nvidia's GeForce Now cloud games service. Microsoft is offering the deal to appease regulators and expand its gaming library. Sony and Nintendo oppose the deal, but Microsoft is offering them the same agreement.
Sentiment: POSITIVE
Tickers: 7974.T-JP, ATVI, MSFT, NVDA, SONY, 6758.T-JP, GOOGL,
Keywords: mergers and acquisitions, sony group corp, activision blizzard inc, internet, nvidia corp, nintendo co ltd, games, alphabet inc, game consoles, technology, united states, microsoft corp, business news,
Source: https://www.cnbc.com/2023/02/21/microsoft-will-bring-xbox-games-to-nvidias-cloud-gaming-service.html