'Microsoft CEO Satya Nadella And Many Xbox Executives Are Set To Defend Its FTC Case' - The Verge
Portfolio Pulse from Happy Mohamed
Microsoft CEO Satya Nadella and other Xbox executives will defend the company's proposed $68.7 billion acquisition of Activision Blizzard in an FTC case. If the FTC wins an injunction, the deal could be over. Sony's PlayStation chief, Jim Ryan, will also testify via video link.
June 20, 2023 | 8:42 pm
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NEGATIVE IMPACT
Activision Blizzard's proposed $68.7 billion acquisition by Microsoft is at risk due to an FTC case. Both companies' CEOs will defend the deal in court.
The FTC case could potentially end the acquisition of Activision Blizzard by Microsoft. If the FTC wins an injunction, the deal could be over, negatively impacting Activision Blizzard's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft faces an FTC case that could potentially end its $68.7 billion acquisition of Activision Blizzard. CEO Satya Nadella and other Xbox executives will defend the deal.
The FTC case could potentially end Microsoft's acquisition of Activision Blizzard. If the FTC wins an injunction, the deal could be over, negatively impacting Microsoft's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100