Every Activision Blizzard Franchise Microsoft Will Own In Huge Acquisition Deal
Microsoft shook the industry today with the announcement of its biggest acquisition yet, not just in gaming but across all industries. The $70 billion acquisition of Activision Blizzard will bring together two of the biggest companies in gaming. Activision Blizzard has some of the most successful franchises in the industry, which will fall under the ever-growing umbrella of Microsoft once the deal finalizes.
Part of the size of the deal comes from Activision’s own spate of acquisitions over the last decades. Though Activision is no slouch with big franchises, most notably its annualized Call of Duty releases and the ongoing battle royale Call of Duty: Warzone, it has also made big moves of its own that will now fold into the Microsoft umbrella. Come from Shares of Infosys fell over 1% on Tuesday after an announcement over the weekend about a global firm terminating an AI-related agreement with the company, which had a revenue potential of $1.5 billion. The stock ended 1.12% down on the BSE at `1,544.50.Shares of another IT major Wipro also came under pressure during the day on speculation that former L&T Infotech CEO Sanjay Jalona will be joining the company in a senior role. However, with both Wipro and Jalona denying any such development, the stock finally closed 1.59% up on the BSE at Rs 470.05. The markets reacted to the buzz relating to Jalona joining Wipro as incumbent CEO Thierry Delaporte has been under pressure for middling growth, falling margins and several top-level exits. Delaporte’s term officially ends i…AI deal loss, CEO change buzz put Infy, Wipro under pressure
Late buying helps Sensex jump 270 pts; RIL, ICICI Bank shine
Equity benchmark indices Sensex and Nifty bounced back from intra-day lows to settle higher on Wednesday, supported by a fag-end buying in market heavyweights Reliance Industries, ICICI Bank and HDFC Bank.After a muted opening, the BSE benchmark swung between gains and losses before settling 271.50 points or 0.38 per cent higher at 71,657.71. The index hit a low of 71,110.98 and a high of 71,733.84 during the session.
The Nifty advanced 73.85 points or 0.34 per cent to 21,618.70.”The weakness in global indices continued to weigh down the domestic indices with every up move. The market is looking for fresh triggers for a direction, and the release of US and Indian inflation data may provide a near-term direction in the market.”
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Nifty gained after opening in red on Wednesday but what’s next- See GIFT Nifty, FII data, F&O, crude, more before market opens
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here is all you need to know before the market opens.
GIFT Nifty traded up 65.50 points or 0.30% at 21,978.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 gained 96.80 points or 0.45% to settle at 21,840.05, while the BSE Sensex closed 267.64 points or 0.37% higher at 71,822.83.
Key things to know before share market opens on February 15, 2024
Wall Street
The equity indices in the US closed in the green. The Dow Jones Industrial Average gained 151.52 points, or 0.4% to 38,424.27. The tech-heavy Nasda…