Canadian Justice Department Tells Microsoft That Proposed Deal For Activision Is Likely To Result In Substantial Lessening Of Competition; Bureau Is Continuing To Monitor Transaction
Portfolio Pulse from Benzinga Newsdesk
The Canadian Justice Department has informed Microsoft that its proposed acquisition of Activision is likely to result in a substantial lessening of competition. The Bureau is continuing to monitor the transaction.
June 29, 2023 | 6:23 pm
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NEGATIVE IMPACT
Activision's proposed acquisition by Microsoft may face regulatory hurdles in Canada, potentially delaying or altering the deal.
The news indicates potential regulatory issues for Activision's proposed acquisition by Microsoft in Canada. This could delay the deal or require modifications to meet regulatory requirements, which could impact Activision's strategic plans and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's proposed acquisition of Activision may face regulatory hurdles in Canada, potentially delaying or altering the deal.
The news indicates potential regulatory issues for Microsoft's proposed acquisition of Activision in Canada. This could delay the deal or require modifications to meet regulatory requirements, which could impact Microsoft's strategic plans and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100