Activision Raises Alarm As FTC Considers Pausing Microsoft Takeover: 'We Don't See How This Will Continue'
Portfolio Pulse from Franca Quarneti
Activision Blizzard's CEO, Bobby Kotick, has stated that the company may abandon the $68.7 billion takeover bid by Microsoft if the U.S. Federal Trade Commission (FTC) manages to pause the deal. The FTC argues that Microsoft's acquisition of Activision Blizzard could harm competitors like Sony by excluding games such as 'Call of Duty' from PlayStation consoles. However, Microsoft's Phil Spencer has committed to keeping the game on the PlayStation platform.
June 28, 2023 | 7:52 pm
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NEGATIVE IMPACT
Activision Blizzard may abandon the takeover bid by Microsoft if the FTC pauses the deal, which could impact its stock price.
The potential abandonment of the takeover bid by Microsoft could lead to uncertainty and volatility in Activision Blizzard's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's takeover bid for Activision Blizzard may be paused by the FTC, potentially impacting Microsoft's stock price.
The potential pause of the takeover bid by the FTC could lead to uncertainty and volatility in Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sony could be impacted by Microsoft's acquisition of Activision Blizzard, as it could lead to the exclusion of games like 'Call of Duty' from PlayStation consoles.
The potential exclusion of games like 'Call of Duty' from PlayStation consoles due to Microsoft's acquisition of Activision Blizzard could negatively impact Sony's business.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80