This week: WWE tag teams with UFC, Google hit with lawsuit in the UK over market dominance...
A multibillion dollar media merger and a multibillion pound lawsuit made the news this week. Sports entertainment titan WWE tag teamed with UFC to create a “$21+ billion live sports and entertainment powerhouse”. Google, meanwhile, was slapped with a £3.4bn lawsuit in the UK over claims of abusing its market dominance.
Speaking of lawsuits, gaming giant Activision Blizzard proposed to settle a suit from the DOJ over claims the company stifled competition within its professional esports league. And, in social media, Meta experienced a surge in its share price, which rose 140% from an all-time low last November.
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