Microsoft's Bid For Activision Blizzard Receives China's Approval, Joins 37 Regulators Worldwide
Portfolio Pulse from Franca Quarneti
Microsoft's $69 billion bid to acquire Activision Blizzard has received approval from China's State Administration, joining 37 regulators worldwide. However, the UK's Competition and Markets Authority (CMA) is still blocking the deal due to concerns about its impact on the cloud gaming market.
May 22, 2023 | 4:06 pm
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NEGATIVE IMPACT
Microsoft's acquisition of Activision Blizzard could impact Sony's competitive position in the gaming market.
If Microsoft's acquisition of Activision Blizzard goes through, it could potentially impact Sony's competitive position in the gaming market. However, the deal still faces opposition from the UK's CMA, making the short-term impact on Sony's stock price negative.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Activision Blizzard's acquisition by Microsoft gains approval from China, but still faces challenges from the UK's CMA.
While China's approval is a positive development for Activision Blizzard, the UK's CMA opposition remains a significant obstacle. The impact on Activision Blizzard's stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's acquisition of Activision Blizzard receives approval from China, but still faces opposition from the UK's CMA.
China's approval is a positive step for Microsoft's acquisition, but the UK's CMA opposition remains a significant hurdle. The impact on Microsoft's stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100