Xbox's Head Phil Spencer On The Microsoft-Activision Deal: 'I'm Confident We'll Find Solutions'
Portfolio Pulse from Franca Quarneti
Xbox head Phil Spencer expressed confidence in the completion of Microsoft's acquisition of Activision Blizzard, despite regulatory hurdles. Both companies are appealing the UK Competition and Market Authority's block and awaiting approval from the US Federal Trade Commission.
June 12, 2023 | 6:36 pm
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NEUTRAL IMPACT
Activision Blizzard's acquisition by Microsoft faces regulatory challenges, but Xbox head Phil Spencer remains confident in the deal's completion.
The acquisition of Activision Blizzard by Microsoft is facing regulatory challenges, but Phil Spencer's confidence in finding solutions and completing the deal suggests a neutral short-term impact on Activision Blizzard's stock price. The deal's completion would be significant for the company, but the ongoing regulatory process makes it difficult to predict the short-term price direction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Microsoft's acquisition of Activision Blizzard faces regulatory hurdles, but Xbox head Phil Spencer remains confident in the deal's completion.
The acquisition of Activision Blizzard by Microsoft is facing regulatory challenges, but Phil Spencer's confidence in finding solutions and completing the deal suggests a neutral short-term impact on Microsoft's stock price. The deal's completion would be significant for the company, but the ongoing regulatory process makes it difficult to predict the short-term price direction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80