Nintendo is about to buy its second close ally in as many years. Eurogamerreports Nintendo is acquiring SRD, one of its longest-serving game development partners. SRD has worked with Nintendo since the NES era, and more recently helped with Switch hits like Legend of Zelda: Breath of the Wild and Animal Crossing: New Horizons. In that light, it's almost surprising Nintendo hadn't bought SRD sooner.

The purchases is expected to close on April 1st. Nintendo didn't say how much it paid for SRD, but the development house will become a wholly-owned subsidiary. The company bought Luigi's Mansion creator Next Level Games in January 2021.

This isn't as aggressive a move as Microsoft's Activision Blizzard buyout or Sony's acquisition of Bungie. Not that Nintendo is concerned, mind you. Company president Shuntaro Furukawa recently said investors shouldn't expect purchases of studios that lack "Nintendo DNA," and the Switch is still a hot seller. Nintendo just isn't in a rush to snap up developers, and this appears to be largely focused on securing partners while the company is flush with cash.

When Microsoft announced it would spend $68.7 billion to buy Activision Blizzard to bolster its Xbox gaming division, the news came as a surprise to many. For months, the troubled publisher had been in headlines stemming from the workplace sexual harassment lawsuit filed by California’s fair employment agency in July. The bad press hit a fever pitch on November 16th after The Wall Street Journal published a report that asserted Activision CEO Bobby Kotick had not only known about many of the incidents of sexual harassment that had occured at the company but had also acted to protect those who were responsible for the abuse.

Days after that article came out, Xbox chief Phil Spencer reportedly told employees he was “distributed and deeply troubled by the horrific events and actions” that allegedly took place at Activision Blizzard and that Microsoft would re-evaluate its relationship with the publisher. It’s one day after that email that Spencer called Kotick to start the process that would end with Microsoft announcing plans to buy Activision Blizzard some two months later, according to a US Securities and Exchange Commission filing first spotted by CNBC.

Starting on page 31 of the document, Microsoft devotes nearly 10 pages detailing the timeline of its talks with Activision. According to the filing, Spencer told Kotick during their November 19th phone call that “Microsoft was interested in discussing strategic opportunities” between the two companies and asked if he had time to talk to Microsoft CEO Satya Nadella the following day. That Saturday, November 20th, Nadella made it clear Microsoft hoped to purchase the publisher, stating the company was “interested in exploring a strategic combination with Activision Blizzard.”

It turns out the quick pace at which the talks moved was mainly due to all the other companies interested in buying up Activision Blizzard after its stock dived in November. At least four other companies contacted the publisher about a possible acquisition. None of them are named in the SEC filing. However, one notably wanted to just buy Blizzard. Activision didn’t move forward with that option because the company’s board of directors deemed the sale would have been too difficult to pull off.

The document also details the terms of the purchase agreement. If the deal doesn’t go through due to antitrust complications, Microsoft has agreed to pay Activision Blizzard a termination fee of up $3 billion. A few years ago, that’s a possibility Microsoft probably wouldn’t have had to worry about too much, but 2022 finds the company in a very different regulatory environment. At the start of the month, NVIDIA abandoned a $40 billion bid to buy ARM after the Federal Trade Commission sued to block the purchase. President Biden appointed Lina Khan, the Commission’s current chair, to the position on the strength of her experience in antitrust law. When the NVIDIA-ARM deal fell through, the agency specifically noted it was "significant" because it "represents the first abandonment of a litigated vertical merger in many years." 

Amazon and Visa have resolved their simmering dispute over payment fees in the UK and elsewhere, Reuters has reported. "We've recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores," a spokesperson told Reuters. 

Amazon threatened to stop accepting Visa in the UK starting January 19th, citing the high fees it charges for credit card transactions. The rest of Europe wasn't impacted as the EU has a cap on card issuer fees, but both Mastercard and Visa card issuers jacked fees in the UK following Brexit. UK regulators recently announced that they'd investigate those increases. 

It seemed likely that Amazon wouldn't carry out its threat, given Visa's dominance in the payment market. Sure enough, shortly before that deadline, Amazon announced it would continue accepting the cards after all and said it was "closely working with Visa on a potential solution." 

Amazon didn't ban or threaten to ban Visa cards anywhere else, but it has been charging an additional transaction fee for Visa-using customers in Australia and Singapore. That charge has now been revoked, and Visa and Amazon appear to have put the whole thing behind them. "This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives," a Visa spokesperson said in a statement. 

Intel could soon announce a nearly $6 billion acquisition that would give its fledgling foundry business a boost, according to The Wall Street Journal. The chip giant is reportedly close to clinching a deal to purchase Israeli chip company Tower Semiconductor, and it could be announced sometime this week unless the talks suddenly fall apart. 

Tower, which has a market value of around $3.6 billion, produces various types of chips for clients across industries, including automakers and medical and industrial equipment manufacturers. Its website shows that it has seven fabrication facilities located in Israel, Italy, the US and Japan making 6-inch, 8-inch and 12-inch chips. Tom's Hardware says the manufacturing processes it uses aren't cutting edge, but the chips it makes don't need the latest technologies anyway. Tower only needs to reliably and regularly generate large volumes of chips. 

Before Tower, Intel was reported to be in talks to purchase the much larger chip manufacturer and AMD spinoff GlobalFoundries for around $30 billion. It didn't push through, however, and GlobalFoundries chose to pursue an initial public offering instead. 

Intel launched its foundry services back in 2021 when it committed $20 billion to build two Arizona factories and explained that it will be run as its own business unit. Earlier this year, the company also revealed its plans to build a massive semiconductor facility in Ohio that it's hoping would become "the largest silicon manufacturing location on the planet." It will use the fabs in the complex to manufacture both its chips and chips for clients under its foundry services.

Toyota is plowing more money into EV production in the US. Just a few months after the automaker announced a $240 million investment in its West Virginia plant, it's pumping another $73 million into the facility.

The company says this will boost hybrid transaxle production capacity to 600,000 units per year. Workers at the plant will also start making around 120,000 rear motor stators annually to bolster production of electric motors. The plant can currently roll 1 million transmissions and engines off the production line per year. Following the latest investment, Toyota will have put over $2 billion into the plant.

Meanwhile, a separate $17 million investment will enable Toyota's Tennessee plant to make approximately 300,000 more hybrid transaxle cases and housings per year (the current capacity is around 1 million). The factory's workers also manufacture around 1.8 million engine blocks a year. The company says these parts are essential for all the Toyota and Lexus EVs it assembles in North America. This brings the automaker's total investment in the plant so far to $389 million.

Toyota is on a mission to offer electrified options across its entire lineup, as well as for Lexus vehicles, by 2025 and to release 30 EV models by 2030. Investing more heavily in EV production will help it reach those goals. Increasing EV battery production is important too, and the company recently announced plans to build a $1.29 billion battery plant in North Carolina.

Peloton laid off around 2,800 corporate employees as part of its attempt to get past its growth struggles following a meteoric rise to fame in the early days of the pandemic. Some of them are understandably upset and angry, and according to CNBC, some of them have crashed the company's first all-hands meeting meant to introduce the new CEO. 

In addition to letting 20 percent of its workforce go — no instructors were affected by the layoffs — Peloton also replaced its top executive. John Foley, who's also a company co-founder, stepped down and was replaced with former Spotify COO Barry McCarthy. CNBC says both former and current employees fired off angry comments in the meeting's chat section, with one calling the all-hands "awfully tone deaf." 

Another person proclaimed that they're selling all their Peloton apparel to be able to pay their bills. "The company messed up by allowing people who were fired into this chat," said yet another person. The meeting, attended by both Foley and McCarthy, was reportedly cut short.

Peloton was massively popular just over a year ago and even reached a market value of $50 billion in January 2021. Now, it's worth around $8 billion dollars, and bigger companies like Amazon and Nike are reportedly showing interest in acquiring the fitness equipment maker. While Peloton didn't say outright that it was planning to let people go, Foley previously said that the company "need[s] to evaluate [its] organization structure and size of [its] team" to make the business more flexible. That was part of his response to an older CNBC report claiming that the company was halting Bike and Tread production. Foley denied the rumor. 

The former CEO also didn't say whether the calls for him to be ousted were part of the reason he's stepping down. Activist investor Blackwells Capital previously accused him of misleading investors about certain information, among other things that cost the company $40 billion. "I have always thought there has to be a better CEO for Peloton than me," Foley said when McCarthy was formally named as the company's new CEO. McCarthy is expected to use his knowledge of content-driven subscription models to keep Peloton running, but he clearly has to win over his own employees first. 

Peloton grew massively during the COVID-19 pandemic, but now that things are opening up, it has struggled to maintain growth. Now, the company is shaking things up by replacing its CEO, overhauling the board and laying off around 20 percent of its corporate workforce, according to The Wall Street Journal.

CEO and co-founder John Foley is stepping down as CEO to become executive chairman and will be replaced by former Spotify COO Barry McCarthy, the company told the WSJ. McCarthy will reportedly bring his understanding of content-driven subscription models to Peloton. "I have always thought there has to be a better CEO for Peloton than me," said Foley said. "Barry is more perfectly suited than anybody I could’ve imagined." On top of that, the company is cutting around 2,800 corporate positions. 

On top of its financial struggles, Peloton has been hit by bad press over equipment safety, unpaid employees and even not-so-positive mentions in recent TV shows. With the value of the company tumbling from a peak of $50 billion to around $8 billion last week, it has been a subject of takeover rumors from the likes of Amazon, Nike and even Apple. 

Peloton will discuss its plans to deal with the crisis in more detail when it reveals its second quarter results later today. It's expected to cut $800 million in costs and stop development of its $400 million Ohio factory, among other changes. In January, the company reported $1.14 billion of preliminary Q2 revenue and said it had 2.77 million subscribers. Its earnings call is set today at 5:00 PM ET. 

NVIDIA's has reportedly abandoned its plans to purchase ARM, the UK-based business that licenses chip technology used in most smartphones. According to The Information, the deal collapsed on Monday, a year and a half after NVIDIA announced that it's purchasing the Softbank-owned chip business for cash and stock then valued at $40 billion. Based on NVIDIA's current stock prices, the deal would've been worth over $60 billion if it had gone through today. 

The planned takeover, however, was met with opposition from the start. ARM customers Qualcomm and Microsoft objected to the deal, raising concerns that NVIDIA might prevent ARM from licensing its chip designs. The massive acquisition, which would've been the largest in the chip sector, was also intensely scrutinized by regulators. UK's Competition & Markets Authority investigated it twice over its impact product prices and quality, as well as on its implications on national security. 

In the US, the Federal Trade Commission sued to block the purchase over concerns that it would stifle competition for multiple technologies. Previous reports said NVIDIA has been preparing to walk away from the deal since early January, seeing as it has made little progress on convincing regulators to approve the purchase. 

As The New York Times notes, NVIDIA repeatedly told authorities that it will keep ARM's business model and even proposed to set up a separate licensing entity for its chip designs. It also said that it will license any ARM-based IP that it develops to all companies without discrimination. "There is no evidence that a combined NVIDIA and ARM would have either the ability or the incentive to harm competition," its lawyers said in a response to FTC's lawsuit. 

ARM-owner Softbank will get a break fee of up to $1.25 billion as a result of the failed purchase, the sources said. Its Japanese parent company is also expected to take ARM public before the year ends, though it will likely have a tough time matching NVIDIA's offer.

E-commerce and cloud giant Amazon has been consulting its advisers about the possibility of purchasing Peloton, according to The Wall Street Journal. And it may not be the only bigger company that's eyeing the exercise equipment maker: The Financial Times says Nike is thinking of purchasing it, as well. Neither company has held talks with Peloton yet, and they may end up not making an offer at all.

Peloton became a hit at the beginning of the pandemic, when people were looking for fitness alternatives after their gyms closed due to lockdowns. In fact, it reached a market value of $50 billion in January 2021 — a far cry from its current $8 billion valuation. CNBC reported in January that the company had halted its Bike and Tread production amid slowing demand caused by several factors, including stiffer competition. Company CEO John Foley later denied that Peloton was pausing production in a letter to employees, but he admitted that it's "resetting [its] production levels for sustainable growth."

A few days after that report came out, BuzzFeed News published a story about several workers claiming that the company owes them money over unpaid labor. The workers are accusing Peloton of not paying them for overtime and work accomplished during breaks, as well as of not reimbursing them for company expenses. 

If Amazon truly is thinking of acquiring Peloton, it could use the company to expand its health and wellness offerings and make it easier for customers to get their hands on one of its bikes or treadmills. It certainly has the capacity to ensure delivery delays, like what happened to Peloton last year, don't happen again. As The Journal notes, an acquisition would also give Amazon access to users' data, which would be useful for its future health and wellness projects. 

Peloton hasn't dropped any hint that it's looking for a new owner, but activist investor Blackwells Capital is calling for Foley to be ousted and for the company to start finding a potential buyer. Blackwells accused Foley of making decisions that cost the company $40 billion, including misleading investors about certain information and hiring his wife in an executive role.

If you use TurboTax to file taxes, you now have the option to deposit your refund directly to a Coinbase account. The money can either be deposited in USD or be sent to your account already converted to any of the 100 types of cryptocurrency available. Coinbase says the choices include stablecoins that are pegged to a real currency and fluctuate much less than typical crypto coins. You won't be charged with any trading fees if you choose to get your refund in crypto, but you'll still be able to immediately convert your money into the cryptocurrency of your choice if you opt to get it in USD first. 

To be able to take advantage of the companies' partnership, you'd have to file from the Coinbase section of the TurboTax website. All TurboTax customers can file from the page, even those using the free option for simple tax returns that only need a W-2. It does have a maximum deposit amount of $25,000 per day, but that probably won't be a problem for most people.

TurboTax will help you set up a Coinbase account if you don't have one yet, and you'll have to follow the steps you see afterwards to be able to deposit your refund to the exchange's "MetaBank." The exchange said in its blog post:

"Coinbase is committed to giving everyone instant and easy access to the cryptoeconomy... We'll continue to enable new use cases that allow customers to transition more of their financial lives to the cryptoeconomy."

Coinbase has launched quite a few ways to make cryptocurrency more available over the past year, including opening up a feature that lets you deposit paychecks to its system and another that lets you link it to your PayPal account.