acquisition

The European Commission (EC) opened an in-depth investigation into a proposed acquisition of game publisher Activision Blizzard by Microsoft, raising the prospect the deal could be delayed or derailed if deemed detrimental to competition.

Parlement Technologies struck an agreement in principle with US rapper Ye regarding the sale of its social media platform Parler, a move pitched as further promoting its stance on free speech.

Vodafone Portugal moved to boost its position in the market by acquiring Cabonitel, owner of fixed and mobile service provider Nowo, which it stated is the fourth-largest operator in the country.

Orange Business Services’ healthcare subsidiary Enovacom announced a deal to acquire French digital healthcare platform provider Exelus for an undisclosed sum, advancing the operator unit’s telemedicine capabilities.

Swedish game company Thunderful Group took over independent mobile game developer Early Morning Studio, advancing an aim to boost its play in the segment.

Swedish audiobook streaming service Storytel agreed to take over Audiobooks. com from investment company KKR for $135 million, in an effort to set foot in the US market as part of its growth strategy.

Mobile games company Playtika announced a deal to pour at least $400 million into design entertainment app Redecor, as it looks to further enhance its play in the casual gaming genre.