Bloomberg Tech

Microsoft Says Even Rival Sony Had No Concern Over Activision Deal

Microsoft Corp. began its court fight with the Federal Trade Commission over the $69 billion purchase of Activision Blizzard Inc. by saying that even an executive at rival Sony Corp. had acknowledged the deal wasn’t “an exclusivity play” to hurt the PlayStation gaming console.

Tesla’s Rally Is Showing Signs of Unraveling

Tesla Inc.’s lightning quick rally over the past month is showing signs of unraveling as Wall Street warns that investors are too optimistic about the electric-vehicle maker’s artificial intelligence credentials.