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Published 2 years ago

World Bank chief takes swipe at Microsoft's $69 bln gaming deal as poor countries struggle

Summary by Ground News
World Bank President David Malpass drew a contrast between the deal and the amount of money rich nations have pledged to help poor countries. Malpass has called on the richest nations in the Group of 20 to provide more debt relief to the world's least-developed countries. Microsoft on Tuesday announced the purchase of US gaming giant Activision Blizzard.

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Times of IndiaTimes of India

World Bank chief contrasts Microsoft deal with poor countries' debt - ET Telecom

"I was struck this morning by the Microsoft investment -- $75 billion in a video gaming company" compared to just $24 billion over three years in aid ..

2 years ago·India
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CTV NewsCTV News

World Bank chief takes swipe at Microsoft's US$69 billion gaming deal as poor countries struggle

World Bank President David Malpass on Wednesday criticized Microsoft's US$69 billion takeover of gaming developer Activision Blizzard as a questionable allocation of capital at a time when poor countries are struggling to restructure debts and fight COVID-19 and poverty.

2 years ago·Canada
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ReutersReuters

World Bank Governor criticizes Microsoft's huge acquisition "Developing countries need capital"

[Washington, 19th, Reuters] --The World Bank's governor, Malpas, announced on the 19th that Microsoft will acquire Activision Blizzard, a game software development company, for $ 69 billion. He questioned whether there was a problem with the allocation of capital. Said at a virtual event hosted by the Peterson Institute for International Economics. The Governor pointed out that, at present, it is necessary to increase capital inflows to developi…

2 years ago·United Kingdom
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Channel News AsiaChannel News Asia

World Bank chief contrasts Microsoft deal with poor countries' debt

WASHINGTON: After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Wednesday (Jan 19) drew a contrast between the deal and the amount of money rich nations have pledged to help poor countries facing higher debt loads. "I was s

2 years ago·Singapore
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IBTimesIBTimes

World Bank Chief Contrasts Microsoft Deal With Poor Countries' Debt

After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Wednesday drew a contrast between the deal and the amount of money rich nations have pledged to help poor countries facing higher debt loads. "I was struck this morning by the Microsoft investment -- $75 billion in a video gaming company" compared to just $24 billion over three years in aid for the poorest coun…

2 years ago·United States
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WIONWION

World Bank Prez David Malpass criticized Microsoft's $69 billion deal as poor countries struggle

World Bank President David Malpass criticized Microsoft's $69 billion takeover of gaming developer Activision Blizzard as a questionable allocation of capital at a time when poor countries are struggling to restructure debts and fight COVID-19 and poverty.

2 years ago·Noida, India
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