U.S. Boutique Bank Raine Expands In Southeast Asia Bets On Media...

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Sept 15 (Reuters) - Britain's antitrust watchdog said on Thursday it would launch an in-depth probe into Xbox maker Microsoft's $69-billion purchase of "Call of Duty" maker Activision Blizzard after the tech giant failed to offer remedies to soothe competition concerns.

Ravitch, a former Goldman Sachs banker for 16 years, before he co-founded Raine in the aftermath of the global financial crisis, expects increased cross-border deals in the region, home to about 650 million people.

TOKYO, Oct 4 (Reuters) - Sony Group Corp's gaming business is looking at fresh investment to bolster its push into PC and mobile, a senior executive said, as the PlayStation 5 maker competes for talent with deep-pocketed rivals and as industry dealmaking heats up.

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SINGAPORE, Sept 28 (Reuters) - Southeast Asia's digital media and tech sectors, underpinned by young consumers and one of the fastest growing internet markets, had drawn U.S.
investment bank Raine Group to expand in the region, senior executives said.

Reuters previously reported that Microsoft would pay a $3 billion break-up fee if the deal falls through, according to a source familiar with the matter, suggesting the company was confident of winning antitrust approval.

We want to guarantee PlayStation gamers continue to have the highest quality gaming experience, and we appreciate the CMA´s focus on protecting gamers." (Reporting by Amna Karimi and Radhika Anilkumar in Bengaluru and Foo Yun Chee in Brussels; Editing by Vinay Dwivedi and Susan Fenton)

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Hulst, who is based in the Netherlands and took up his post in 2019, has overseen the growth of PlayStation Studios to 19 studios, with additions including Nixxes, which ports console games to PC, and mobile developer Savage Game Studios.

Britain's Competition and Markets Authority (CMA) said earlier this month the takeover of the videogame publisher maker could hurt competition in gaming consoles, subscription services and cloud gaming if Microsoft refused to give competitors access to Activision's best-selling games.

"This is the last major market in the world, where you can see a free for Pkv Poker all between Alibaba, Tencent, Bytedance on one hand, and the likes of Amazon, Apple, Facebook and Netflix on the other," said Joe Ravitch, Raine's co-founder and partner.

"The scarcity of capital in an era of volatility, rising interest rates and inflation, will create investment opportunities and require companies to be more strategic," Ravitch told Reuters in an interview on the sidelines of the Forbes Global CEO Conference.

The radical shift is reflected in its recent deals including the $3.6 billion acquisition of Bungie, the studio behind the multiplayer "Destiny" franchise, which Sony operates outside its PlayStation Studios network.

"You should think of collaborations on the game development side first and foremost, but it's also not unthinkable with our PlayStation Productions efforts that we explore opportunities," Hulst said of the FromSoftware investment.