Microsoft to Buy Activision Blizzard
Microsoft (MSFT)$ has agreed to buy Activision Blizzard (ATVI)for $95 per share in an all-cash deal totaling $68.7 billion, making it Microsoft’s largest acquisition by far.
The transaction, which will include Activision Blizzard’s net cash, will make Microsoft the third-largest gaming company in the world behind Tencent Holdings Ltd. and Sony Group Corporation when it finalizes, expected during the fiscal year 2023.
Goldman Sachs Sees Profit Slip 13%
Goldman Sachs Group Inc. on Tuesday announced its fourth-quarter net revenue at $12.6 billion, an increase of 8% compared to the same quarter in 2020. Net earnings fell by 13% to $3.9 billion as full-year revenue rose 33% year-on-year to $59.3 billion while net earnings gained 129% and landed at $21.6 billion.
Trading revenue fell in the fourth quarter, though the bank continued to benefit from the vibrant deal making.
GM Dealers to See More EV Chargers From Blink
Blink ($BLINK) is supplying electric-vehicle chargers to General Motors ($GM) dealerships across North America. More chargers will allow GM dealers to sell and service more EVs.
Exxon Pledges to Reduce Carbon Emissions From Operations to ‘Net Zero’
Exxon Mobil (XOM) said its ambition is to reduce or offset greenhouse-gas emissions from its operations to zero by 2050, as investor and public pressure mount on oil producers to respond to climate change.
Netflix Price Hikes in US markets
Netflix informed on Friday that it is increasing the prices for video streaming customers in the US and Canada.
The company reported that prices are set to rise between $1 and $2, depending on the plan. The “standard” plan, which is the most widely used, is going up $1.50 to $15.50, while the 4K plan will grow to $20 per month from $18.
Price increases come as the streaming company’s stock slumps on subscriber-growth worries ahead of its fourth-quarter results to be released on 20th January 2022.
Big U.S. Companies Step Up Hiring of Female, Black CFOs
America’s biggest businesses employed more female and Black finance chiefs in 2021 than ever before, albeit coming from a relatively low base, a trend recruiters expect will accelerate in 2022.
READ; US Stock Market closes higher after Powell’s remarks
