Big Trades On Activision Blizzard Stock After Microsoft Wins Acquisition Case
Portfolio Pulse from Lisa Levin
Activision Blizzard, Inc. (NASDAQ:ATVI) stock traded sharply higher after Microsoft Corp (NASDAQ:MSFT) won a court permit to proceed with its $69 billion acquisition of Activision. The decision means Microsoft could close its merger with Activision ahead of a July 18 deadline, except in the U.K., which vetoed the deal. Activision shares jumped 10% to close at $90.99 on Tuesday.
July 12, 2023 | 12:52 pm
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POSITIVE IMPACT
Activision Blizzard's stock price surged following the court's approval of Microsoft's acquisition. The stock is likely to continue its upward trend in the short term.
The court's approval of Microsoft's acquisition has created a positive sentiment around Activision Blizzard's stock. This is likely to drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Microsoft's successful court permit to acquire Activision Blizzard could boost its stock in the short term.
The court's approval of Microsoft's acquisition of Activision Blizzard is a positive development for Microsoft. This could lead to an increase in Microsoft's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90