Xbox maker Microsoft stunned gamers in January by announcing plans to acquire Activision/Blizzard, publisher of Call of Duty and Overwatch. The company says the nearly $70 billion deal would help it serve the world’s 3 billion gamers. However, the planned tie-up, which sparked a wave of similar moves across the $200 billion gaming industry, has invited regulatory scrutiny. More broadly, CEO Satya Nadella’s Microsoft has been on a hot streak, beating expectations with $51.7 billion in revenue in the most recent quarter.
A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.
More Must-Reads From TIME
- How an Alleged Spy Balloon Derailed an Important U.S.-China Meeting
- Effective Altruism Has a Toxic Culture of Sexual Harassment and Abuse, Women Say
- Inside Bolsonaro's Surreal New Life as a Florida Man—and MAGA Darling
- 'Return to Office' Plans Spell Trouble for Working Moms
- 8 Ways to Read More Books—and Why You Should
- Why Aren't Movies Sexy Anymore?
- Column: Elon Musk Should Not Be in Charge of the Night Sky
- How Logan Paul's Crypto Empire Fell Apart
- 80 for Brady May Not Be a Masterpiece. But the World Needs More Movies Like This