Author: James

Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery has been temporarily halted until August 3, following a federal court’s decision. A coalition of states, led by California, claimed the merger could undermine competition. Judge Araceli Martínez-Olguín acknowledged the states’ concerns, suggesting the deal might unlawfully reduce market competition.

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On July 6, Microsoft leadership announced a new wave of mass layoffs within Xbox, this time affecting 1600 full-time employees, as well as numerous contractors, with another 1600 expected through the company’s 2027 fiscal year. This round of layoffs not only saw the decimation of studios like id Software; it also targeted many who worked…

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