'Microsoft, CMA Ask Court For Pause To Consider Activision Tweaks' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Microsoft Corp. and the UK's Competition and Markets Authority (CMA) have requested a court pause to consider modifications to the proposed $69 billion acquisition of Activision Blizzard Inc. The CMA has agreed to give Microsoft a second chance to adjust the deal to address competition concerns.
July 17, 2023 | 1:53 pm
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NEUTRAL IMPACT
Microsoft's proposed acquisition of Activision Blizzard is under scrutiny by the UK's CMA. The court pause for deal modifications could delay the acquisition process.
The news directly pertains to Microsoft's proposed acquisition of Activision Blizzard. The court pause and potential deal modifications could delay the acquisition process, which might have a neutral impact on Activision Blizzard's stock in the short term as the outcome is still uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's proposed acquisition of Activision Blizzard is under scrutiny by the UK's CMA. The court pause for deal modifications could delay the acquisition process.
The news directly pertains to Microsoft's proposed acquisition of Activision Blizzard. The court pause and potential deal modifications could delay the acquisition process, which might have a neutral impact on Microsoft's stock in the short term as the outcome is still uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100