What's Going On With Activision Blizzard and Microsoft Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp (MSFT) and Activision Blizzard, Inc (ATVI) are reportedly considering giving up some control of their cloud-gaming business in the U.K. to appease regulators and complete their $69 billion merger by July 18. This could involve selling off the cloud-based market rights for games in the U.K. Both companies believe the deal can be closed before the deadline, despite opposition from U.S. and U.K. regulators fearing anticompetitive repercussions.
July 14, 2023 | 11:41 am
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Activision Blizzard is considering giving up some control of its cloud-gaming business in the U.K. to complete its merger with Microsoft.
The news of Activision Blizzard potentially giving up some control of its cloud-gaming business in the U.K. to complete its merger with Microsoft is likely to have a positive impact on its stock in the short term as it shows the company's determination to close the deal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft is considering giving up some control of its cloud-gaming business in the U.K. to complete its merger with Activision Blizzard.
The news of Microsoft potentially giving up some control of its cloud-gaming business in the U.K. to complete its merger with Activision Blizzard is likely to have a positive impact on its stock in the short term as it shows the company's determination to close the deal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100