Elon Musk's X Is Back in Brazil after Its Suspension, Having Complied with All Judicial Demands

Photo illustration of the logo of the social media platform X (former Twitter) in Rio de Janeiro, Brazil on August 30, 2024. (AFP)
Photo illustration of the logo of the social media platform X (former Twitter) in Rio de Janeiro, Brazil on August 30, 2024. (AFP)
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Elon Musk's X Is Back in Brazil after Its Suspension, Having Complied with All Judicial Demands

Photo illustration of the logo of the social media platform X (former Twitter) in Rio de Janeiro, Brazil on August 30, 2024. (AFP)
Photo illustration of the logo of the social media platform X (former Twitter) in Rio de Janeiro, Brazil on August 30, 2024. (AFP)

Social media platform X began returning to Brazil on Wednesday, after remaining inaccessible for more than a month following a clash between its owner, Elon Musk, and a justice on the country’s highest court.

Internet service providers began restoring access to the platform after Supreme Court Justice Alexandre de Moraes authorized lifting X’s suspension on Tuesday.

De Moraes ordered the shutdown of X on Aug. 30 after a monthslong dispute with Musk over free speech, far-right accounts and misinformation.

Musk had disparaged de Moraes, calling him an authoritarian and a censor, although his rulings, including X’s nationwide suspension, were repeatedly upheld by his peers.

Musk’s company ultimately complied with all of de Moraes’ demands. They included blocking certain accounts from the platform, paying outstanding fines and naming a legal representative. Failure to do the latter had triggered the suspension.

Brazil — a highly online country of 213 million people — is one of X’s biggest markets, with estimates of its user base ranging from 20 million to 40 million.



‘Assassin’s Creed’ Maker Ubisoft Says Regularly Reviews Options after Buyout Report

This photograph taken on February 13, 2024, shows logo of Ubisoft video firm company adorn the main entrance of the company, where a strike call is planned on February 14, 2024, in Montpellier, south of France. (AFP)
This photograph taken on February 13, 2024, shows logo of Ubisoft video firm company adorn the main entrance of the company, where a strike call is planned on February 14, 2024, in Montpellier, south of France. (AFP)
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‘Assassin’s Creed’ Maker Ubisoft Says Regularly Reviews Options after Buyout Report

This photograph taken on February 13, 2024, shows logo of Ubisoft video firm company adorn the main entrance of the company, where a strike call is planned on February 14, 2024, in Montpellier, south of France. (AFP)
This photograph taken on February 13, 2024, shows logo of Ubisoft video firm company adorn the main entrance of the company, where a strike call is planned on February 14, 2024, in Montpellier, south of France. (AFP)

Ubisoft, the maker of the "Assassin's Creed", "Far Cry" and "Watch Dogs" video games, said on Monday it regularly reviewed "all its strategic options", but declined further comment on a recent report of buyout interest.

France's largest video games maker has long been seen as a takeover target and has lost half of its stock market value over the last twelve months. It has been plagued by delays and the underperformance of some of its key titles.

Ubisoft said in a statement that it would inform the market if and when appropriate. A spokesperson for the company declined to comment further when asked by Reuters whether the company had received any approach from potential bidders.

Monday's statement followed a report last week by Bloomberg News that Ubisoft's founding family, the Guillemots, and Chinese tech giant Tencent, were considering a buyout.

Shares in Ubisoft initially rose by up to 6% on Monday after the statement, topping the SBF 120 index, but reversed course and were down 1.8% at 0905 GMT.

The Guillemot family and Tencent together hold close to 25% of Ubisoft's share capital, LSEG data shows, after a deal in 2022 that saw the Chinese group acquire close to half of the Guillemots' holding.

The move capped a difficult period at Ubisoft, marked by a succession of delays of new video games and management changes.

Ubisoft's stock price slipped further last month after weaker-than-expected quarterly sales.

An underwhelming start for its new game "Star Wars Outlaws" followed the postponement of the launch of "Assassin’s Creed Shadows" by three months to February.

Ubisoft had hoped the two games would help turn around its performance as it implements cost cuts to manage its debt.