'Activision Will Be Jilted If Microsoft Deal Blocked, CEO Kotick Says' - Bloomberg News
Portfolio Pulse from Happy Mohamed
Activision Blizzard Inc. may abandon the $69 billion takeover bid by Microsoft if the US Federal Trade Commission wins a ruling pausing the deal. Microsoft called Activision CEO Bobby Kotick to testify in court to reinforce its claim that the acquisition won't hurt competition in the markets for console and subscription-based games.
June 28, 2023 | 7:26 pm
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NEGATIVE IMPACT
Activision may abandon the Microsoft takeover if the FTC wins a ruling pausing the deal. This could potentially impact Activision's stock negatively.
The potential abandonment of the Microsoft takeover could lead to uncertainty and potential negative impact on Activision's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's $69 billion takeover bid for Activision may be at risk if the FTC wins a ruling pausing the deal. This could potentially impact Microsoft's stock negatively.
The potential halt of the Activision acquisition could lead to uncertainty and potential negative impact on Microsoft's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100