Olo Inc
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Information Technology : Software | Small Cap Growth
Company profile

Olo Inc. is an open software as a service (SaaS) platform for restaurants. Its platform powers restaurant brands’ on-demand digital commerce operations, enabling digital ordering, delivery, front-of-house management, and payments, while enhancing the restaurants’ direct consumer relationships. The Company provides restaurants with a business-to-business-to-consumer, enterprise-grade, open SaaS platform to manage their digital businesses and enable fast and more personalized experiences for their customers. Its platform and application programming interfaces, that integrate with a range of solutions, unifying technologies across the restaurant ecosystem. Its open SaaS platform includes various core modules: order management, delivery enablement, customer engagement, front-of-house, and payment. Its order management offers a suite of fully integrated, white-label, on-demand digital commerce and channel management solutions, enabling guests to order and pay directly from restaurants.


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Activision Blizzard may face FTC suit over Microsoft merger: report

10:41 am ET November 25, 2022 (MarketWatch)

By Steve Gelsi and Jeremy C. Owens

Activision Blizzard may face an FTC lawsuit related to unfair video game competition

Activision Blizzard Inc. shares fell Friday in the first trading day after a report that the U.S. Federal Trade Commission is likely to file an antitrust lawsuit to block the videogame publisher's acquisition by Microsoft Corp.

Politico reported late Wednesday that FTC staff are skeptical of arguments by the companies that the $69 billion acquisition would not give Microsoft (MSFT) an unfair benefit in the videogame market, though commissioners have not yet voted on a lawsuit.

Microsoft makes the Xbox videogame console, creating concerns that it would make some of Activision's (ATVI) most popular games such as the "Call of Duty" franchise exclusive to its platform.

   This would in turn shut out rival Sony Group Corp.'s   Playstation. 

A Microsoft spokesman told Politico that the company "is prepared to address the concerns of regulators, including the FTC, and Sony to ensure the deal closes with confidence."

Activision shares dropped 4.2% on Friday, while Microsoft's stock edged up by 0.1%.

The report surfaced after the European Union's competition watchdog said earlier this month it would pursue an in-depth investigation into Microsoft Corp. acquisition of Activision Blizzard over whether the deal could harm competition in the videogame industry.

Also Read: EU to deeper investigate Microsoft's $75 billion deal for Activision Blizzard

-Steve Gelsi


(END) Dow Jones Newswires

November 25, 2022 10:41 ET (15:41 GMT)

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