FTC Sues To Block Microsoft's Acquisition Of Activision Blizzard; Microsoft Welcomes It
Portfolio Pulse from rounakjain@benzinga.com
The U.S. Federal Trade Commission (FTC) has sued to block Microsoft's acquisition of Activision Blizzard, stating that the deal will hurt consumer choice and competition. Microsoft has welcomed the opportunity to present its case in federal court.
June 13, 2023 | 12:24 pm
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NEGATIVE IMPACT
Activision Blizzard's acquisition by Microsoft faces a legal challenge from the FTC, potentially delaying or derailing the deal.
The FTC's lawsuit to block Microsoft's acquisition of Activision Blizzard could delay or derail the deal, which would negatively impact Activision Blizzard's prospects for growth and stability. This could lead to short-term uncertainty and downward pressure on Activision Blizzard's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft faces a legal challenge from the FTC to block its acquisition of Activision Blizzard, potentially delaying or derailing the deal.
The FTC's lawsuit to block Microsoft's acquisition of Activision Blizzard could delay or derail the deal, which would negatively impact Microsoft's expansion plans in the gaming industry. This could lead to short-term uncertainty and downward pressure on Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100