Activision Blizzard shares are trading higher following a report suggesting a US judge has denied the FTC's request for a preliminary injunction to stop the company's deal with Microsoft.
Portfolio Pulse from Benzinga Newsdesk
A US judge has denied the Federal Trade Commission's (FTC) request for a preliminary injunction to stop Activision Blizzard's deal with Microsoft. This news has led to a rise in Activision Blizzard's share prices.
July 11, 2023 | 3:12 pm
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Activision Blizzard's shares are trading higher following the judge's decision to deny the FTC's request to stop the company's deal with Microsoft.
The judge's decision to deny the FTC's request for a preliminary injunction to stop Activision Blizzard's deal with Microsoft is a positive development for the company. This decision removes a potential obstacle for the deal, which could have had a negative impact on Activision Blizzard's business and share price. As a result, investors are likely to view this news positively, leading to an increase in demand for the company's shares and a rise in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100