Quick News Bit

Microsoft unveils new app store guidelines as it woos regulators on deal By Reuters

0

© Reuters. FILE PHOTO: A person walks past a Microsoft store in the Manhattan borough of New York City, New York, U.S., January 20, 2022. REUTERS/Carlo Allegri/File Photo

By Diane Bartz

WASHINGTON (Reuters) -Microsoft Corp on Wednesday announced a new set of principles for its app store, including open access to developers who meet privacy and security standards, as it began a push to win approval for its blockbuster acquisition of “Call of Duty” maker https://www.reuters.com/technology/microsoft-buy-activision-blizzard-deal-687-billion-2022-01-18 Activision Blizzard Inc (NASDAQ:).

The $68.7 billion purchase, announced last month, was the biggest gaming industry deal in history.

Microsoft (NASDAQ:) will file for approval of the deal in 17 jurisdictions, the company’s president, Brad Smith, told reporters on Wednesday.

Smith said he had previewed the app store policies with U.S. lawmakers and received “a positive reaction.” He did not identify the lawmakers.

“Our goal is to build what’s called a universal store for games,” he added. “In other words, a store that anyone can access on any device on any platform to purchase or download any game that a developer chooses.”

Rules for the app store were modeled on antitrust legislation under consideration by the United States and other countries, Microsoft said in a blog post.

“We have developed these principles in part to address Microsoft’s growing role and responsibility as we start the process of seeking regulatory approval in capitals around the world for our acquisition of Activision Blizzard,” the company said in the posting.

Other commitments made by Microsoft in the blog post were that its own apps in its store would be held to the same standard as apps from competitors, and that it would not use non-public information from its app store to compete with rivals.

It also committed to refraining from “unreasonable preferencing or ranking” of Microsoft apps over others.

Congress is now considering bills that would ban Big Tech platforms like Amazon.com Inc (NASDAQ:) and others from giving preference to their own products. Another measure would bar big app stores, like Apple Inc (NASDAQ:)’s, from requiring app providers to use the platform’s payment system and prohibit them from punishing apps that offer different prices through another app store or payment system.

Smith was in Washington on Wednesday along with Microsoft Chief Executive Satya Nadella and Sarah Bond, vice president of the game ecosystem for Xbox.

With the Activision deal, Microsoft will take on industry leaders Tencent and Sony (NYSE:). Sony Interactive Entertainment recently said it would buy Bungie Inc, creator of the “Halo” videogame, in a deal valued at $3.6 billion.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment