'Microsoft Will Lodge A Formal Appeal Against British Regulators' Decision To Block Its $75B Takeover Of Activision Blizzard' - Sky News
Portfolio Pulse from Happy Mohamed
Microsoft plans to file a formal appeal against the UK Competition and Markets Authority's (CMA) decision to block its $75bn takeover of Activision Blizzard. The deal has been approved in other jurisdictions, including the EU and China.
May 24, 2023 | 4:16 pm
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NEUTRAL IMPACT
Activision Blizzard's future remains uncertain as Microsoft appeals the UK regulator's decision to block their $75bn takeover.
The UK regulator's decision to block Microsoft's takeover of Activision Blizzard introduces uncertainty for the company's future. The appeal process may cause delays or complications, impacting Activision Blizzard's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's appeal against the UK regulator's decision may impact investor sentiment towards the UK market, potentially affecting the iShares MSCI United Kingdom ETF (EWU).
Microsoft's appeal against the CMA's decision to block its Activision Blizzard takeover may impact investor sentiment towards the UK market. This could potentially affect the iShares MSCI United Kingdom ETF (EWU) as investors may perceive the UK as less attractive for technology investments.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Microsoft's appeal against the UK regulator's decision to block its Activision Blizzard takeover may cause uncertainty for the company's expansion plans.
Microsoft's appeal against the CMA's decision to block its Activision Blizzard takeover introduces uncertainty for the company's expansion plans. While the deal has been approved in other jurisdictions, the UK's decision may cause delays or complications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100