Microsoft, UK's Competition And Markets Authority Seek Extension For $69B Activision Deal
Portfolio Pulse from Franca Quarneti
Microsoft and the UK's Competition and Markets Authority (CMA) have sought additional time from London's Competition Appeal Tribunal for the proposed $69 billion acquisition of Activision Blizzard. This comes after the US Federal Trade Commission's (FTC) application to halt the deal was dismissed. The CMA announced it would reconsider a revised proposal and a restructured agreement might address its concerns. Microsoft also announced a 10-year agreement with Sony to retain the Call of Duty video game series on the PlayStation console if the merger is successfully completed.
July 17, 2023 | 6:03 pm
News sentiment analysis
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NEUTRAL IMPACT
Activision Blizzard's acquisition by Microsoft may be delayed due to regulatory concerns. However, the dismissal of FTC's application to halt the deal and a potential revised proposal could be positive for Activision Blizzard.
The news indicates a potential delay in Activision Blizzard's acquisition by Microsoft due to regulatory concerns. However, the dismissal of FTC's application to halt the deal and the possibility of a revised proposal that might address CMA's concerns could be positive for Activision Blizzard. This could potentially lead to a neutral short-term impact on Activision Blizzard's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's proposed acquisition of Activision Blizzard may be delayed due to regulatory concerns. However, the dismissal of FTC's application to halt the deal and a potential revised proposal could be positive for Microsoft.
The news indicates a potential delay in Microsoft's acquisition of Activision Blizzard due to regulatory concerns. However, the dismissal of FTC's application to halt the deal and the possibility of a revised proposal that might address CMA's concerns could be positive for Microsoft. This could potentially lead to a neutral short-term impact on Microsoft's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sony has struck a 10-year agreement with Microsoft to retain the Call of Duty video game series on the PlayStation console if the merger with Activision Blizzard is successfully completed.
The news of Sony striking a 10-year agreement with Microsoft to retain the Call of Duty video game series on the PlayStation console if the merger with Activision Blizzard is successfully completed is positive for Sony. This could potentially lead to a short-term increase in Sony's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50