Microsoft's Appeal Of UK Regulator's Block Of Activision Blizzard Acquisition Set For July
Portfolio Pulse from Franca Quarneti
Microsoft's appeal of the UK Competition and Market Authority's decision to block its acquisition of Activision Blizzard is set for July. Microsoft claims the CMA made critical mistakes in evaluating the company's standing in cloud gaming services.
May 31, 2023 | 7:26 pm
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NEUTRAL IMPACT
Microsoft's appeal of the UK regulator's block of its Activision Blizzard acquisition is set for July, potentially affecting the deal's timeline.
The appeal hearing is scheduled for July, which could potentially delay the acquisition process. However, the outcome of the appeal is uncertain, and the impact on Activision Blizzard's stock price in the short term is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's appeal of the UK regulator's block of its Activision Blizzard acquisition is set for July, potentially delaying the deal.
The appeal hearing is scheduled for July, which could potentially delay the acquisition process. However, the outcome of the appeal is uncertain, and the impact on Microsoft's stock price in the short term is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100