New rules requiring Apple (AAPL) and Google (GOOGL) to allow app stores owned and operated by other companies are expected to come into effect in 2024 under the EU's Digital Markets Act. A later Reuters report, however, noted that the Xbox maker's proposed remedies focus only on cloud gaming services, with no mention of Sony.Īdditionally, the Financial Times reported this week that Microsoft is preparing to launch a new app store for iPhone and Android smartphone games as soon as next year if its acquisition of Activision Blizzard (ATVI) is cleared by regulators.
Meanwhile, Reuters reported late last week that Microsoft offered remedies to the European Commission to achieve antitrust clearance for the deal. The announcement followed similar deals with Boosteroid, Nvidia (NVDA), and Nintendo (NTDOY), The Fly notes. A day later, Microsoft Gaming chief Phil Spencer tweeted that Microsoft and cloud gaming provider Ubitus signed a 10-year partnership to stream Xbox PC Games as well as Activision Blizzard titles after the acquisition closes. MICROSOFT/ACTIVISION: As the Microsoft-Activision Blizzard (ATVI) deal saga continues on, Microsoft president Brad Smith told the Wall Street Journal last week that the Xbox maker and Sony have not reached a formal agreement over Activision's "Call of Duty" franchises are aren't currently in talks on a potential deal. The game is a full reimagining of the original 2005 release of the same name. NEW RELEASES: This week's major release is Capcom's (CCOEY) "Resident Evil 4" remake, which launched March 24 for PC, PlayStation 4 (SONY), PS5, and Xbox Series X/S (MSFT). "Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks.
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