UK's Competition And Markets Authority Says Microsoft And Activision Have Agreed With The CMA That A Stay Of Litigation In The UK Would Be In The Public Interest And All Parties Have Made A Joint Submission To The Competition Appeal Tribunal
Portfolio Pulse from Benzinga Newsdesk
Microsoft and Activision have agreed with the UK's Competition and Markets Authority (CMA) that a stay of litigation in the UK would be in the public interest. All parties have made a joint submission to the Competition Appeal Tribunal.
July 11, 2023 | 3:44 pm
News sentiment analysis
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NEUTRAL IMPACT
Activision's agreement with the CMA and Microsoft to stay litigation in the UK could potentially reduce legal costs and uncertainty.
The agreement to stay litigation doesn't directly impact Activision's operations or financials. However, it could potentially reduce legal costs and uncertainty, which is generally positive for the stock. The impact is not immediate or significant, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The agreement between Microsoft, Activision, and the CMA to stay litigation in the UK may have a minor impact on the UK market, represented by the EWU ETF.
The agreement to stay litigation in the UK involves two major companies, Microsoft and Activision, which could have a minor impact on the UK market. However, the EWU ETF is diversified across many companies and sectors, so the impact is likely to be minimal.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Microsoft's agreement with the CMA and Activision to stay litigation in the UK could potentially reduce legal costs and uncertainty.
The agreement to stay litigation doesn't directly impact Microsoft's operations or financials. However, it could potentially reduce legal costs and uncertainty, which is generally positive for the stock. The impact is not immediate or significant, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70