What's Going On With Activision Blizzard Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
Activision Blizzard's stock is trading lower amid reports of a possible new investigation on the Microsoft takeover deal to reverse a U.K. veto. The Competition and Markets Authority (CMA) has applied to put the appeal trial against its decision to block the deal on hold. Microsoft and Activision are considering modifying the transaction. Microsoft had already forged deals with Nvidia, Nintendo, Boosteroid, and Nware to win regulatory support for the deal.
July 12, 2023 | 1:04 pm
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NEUTRAL IMPACT
Nintendo had previously forged a deal with Microsoft to win regulatory support for the Microsoft-Activision deal.
Nintendo's previous deal with Microsoft is mentioned in the context of the Microsoft-Activision deal, but it's unclear how this news will directly impact Nintendo's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Nintendo had previously forged a deal with Microsoft to win regulatory support for the Microsoft-Activision deal.
Nintendo's previous deal with Microsoft is mentioned in the context of the Microsoft-Activision deal, but it's unclear how this news will directly impact Nintendo's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Nvidia had previously forged a deal with Microsoft to win regulatory support for the Microsoft-Activision deal.
Nvidia's previous deal with Microsoft is mentioned in the context of the Microsoft-Activision deal, but it's unclear how this news will directly impact Nvidia's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Activision Blizzard's stock is trading lower amid reports of a possible new investigation on the Microsoft takeover deal.
The news of a possible new investigation on the Microsoft takeover deal has created uncertainty, leading to a drop in Activision Blizzard's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft is considering modifying the transaction with Activision Blizzard amid reports of a possible new investigation.
The news of a possible new investigation on the takeover deal has created uncertainty, which could potentially impact Microsoft's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80