Shares of video game-related companies are trading higher in sympathy with Activision Blizzard after a federal judge denied the FTC's request for a preliminary injunction of Microsoft's acquisition of the company.
Portfolio Pulse from Benzinga Newsdesk
Shares of video game-related companies are trading higher following a federal judge's denial of the FTC's request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard.
July 11, 2023 | 5:26 pm
News sentiment analysis
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POSITIVE IMPACT
Activision Blizzard's stock is likely to rise in the short term due to the judge's decision allowing Microsoft's acquisition to proceed.
The judge's decision removes a potential obstacle to Microsoft's acquisition of Activision Blizzard, which is likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Electronic Arts' stock may rise in sympathy with Activision Blizzard following the judge's decision.
As a company in the same sector, EA's stock often moves in sympathy with major news affecting other video game companies. The positive news for Activision Blizzard could therefore also boost EA's stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Microsoft's stock may see a short-term boost as the judge's decision allows its acquisition of Activision Blizzard to proceed.
The judge's decision is a positive development for Microsoft, removing a potential barrier to its acquisition of Activision Blizzard. This is likely to increase investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Roblox's stock may rise in sympathy with Activision Blizzard following the judge's decision.
As a company in the same sector, Roblox's stock often moves in sympathy with major news affecting other video game companies. The positive news for Activision Blizzard could therefore also boost Roblox's stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Take-Two Interactive's stock may rise in sympathy with Activision Blizzard following the judge's decision.
As a company in the same sector, Take-Two's stock often moves in sympathy with major news affecting other video game companies. The positive news for Activision Blizzard could therefore also boost Take-Two's stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Unity Software's stock may rise in sympathy with Activision Blizzard following the judge's decision.
As a company in the same sector, Unity Software's stock often moves in sympathy with major news affecting other video game companies. The positive news for Activision Blizzard could therefore also boost Unity Software's stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50