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World Bank chief flays Microsoft's $69 bln, questions capital allocation

David Malpass says more capital needed to flow into poor countries, but such allotments have been disrupted.

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World Bank President David Malpass on Wednesday 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.

Malpass said during a Peterson Institute for International Economics virtual event that more capital needed to flow into poor countries, but these flows have been disrupted by unusually easy monetary policies in developed countries.

He said he was struck by the scale of Microsoft's acquisition deal for "Call of Duty" maker Activision Blizzard. This dwarfed the $23.5 billion in cash contributions agreed in

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First Published: Jan 20 2022 | 7:57 AM IST

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