Microsoft, Activision Extend Deadline To Close Deal; Merger Agreement With Microsoft Extended to October 18; In Return for Higher Termination Fee, New Commercial Arrangements; Activision Blizzard Board Declares $0.99 Per Share Dividend
Portfolio Pulse from Benzinga Newsdesk
Microsoft and Activision Blizzard have extended the deadline to close their merger deal to October 18. In return for a higher termination fee, new commercial arrangements have been made. Additionally, Activision Blizzard's board has declared a $0.99 per share dividend.
July 19, 2023 | 12:38 pm
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NEUTRAL IMPACT
Microsoft's merger with Activision Blizzard has been delayed, potentially affecting the company's short-term plans. However, new commercial arrangements could provide additional benefits.
The delay in the merger could potentially disrupt Microsoft's short-term plans. However, the new commercial arrangements could provide additional benefits, offsetting any negative impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Activision Blizzard's merger with Microsoft has been delayed, but the company has declared a $0.99 per share dividend, which could attract investors.
The delay in the merger could create uncertainty for Activision Blizzard. However, the declaration of a $0.99 per share dividend could attract investors, potentially boosting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70