Why Unity Software Stock Is Popping Off Tuesday
Portfolio Pulse from Henry Khederian
Shares of Unity Software Inc (NYSE:U) are trading higher by 8.33% following a federal judge's denial of the FTC's request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard. The judge stated that the FTC failed to show that the acquisition would lessen competition in the video game library subscription and cloud gaming markets.

July 11, 2023 | 6:08 pm
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Unity Software's stock is trading higher due to a favorable regulatory decision regarding Microsoft's acquisition of Activision Blizzard.
The judge's decision to deny the FTC's request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard has led to a positive sentiment in the video game-related stocks, including Unity Software. This has resulted in an increase in Unity Software's stock price.
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