Politico Reporter Josh Sisco Tweets "U.S, Court Denies FTC's Bid For A Preliminary Injunction Of Microsoft's Activision Deal"
Portfolio Pulse from Benzinga Newsdesk
A U.S court has denied the Federal Trade Commission's (FTC) request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard. This decision allows Microsoft to proceed with the deal.
July 11, 2023 | 3:02 pm
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POSITIVE IMPACT
The court's decision to deny the FTC's injunction request allows Microsoft's acquisition of Activision Blizzard to proceed, which could potentially impact Activision's stock price.
The court's decision is a positive development for Activision Blizzard as it allows the acquisition by Microsoft to proceed. This could potentially boost Activision's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The court's decision to deny the FTC's injunction request allows Microsoft to proceed with its acquisition of Activision Blizzard, potentially strengthening its position in the gaming industry.
The court's decision is a positive development for Microsoft as it removes a potential legal hurdle in its acquisition of Activision Blizzard. This could strengthen Microsoft's position in the gaming industry and potentially boost its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100