What's Going On With Microsoft-Activision Deal? Companies Adjust Deadline Terms
Portfolio Pulse from Anusuya Lahiri
Microsoft and Activision Blizzard have extended their $69 billion takeover deal to October 18. The agreement includes an increase in the termination fee payable to Activision Blizzard and amendments to Activision Blizzard's commercial Xbox arrangements with Microsoft. The deal also allows Activision Blizzard to declare and pay one regular cash dividend for FY23. Activision reported Q2 revenue growth of 34.2% YoY to $2.21 billion, missing the consensus of $2.37 billion. Microsoft has also made deals with Nvidia and Sony to counter opposition against the merger.
July 19, 2023 | 1:45 pm
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NEUTRAL IMPACT
Microsoft has extended its takeover deal with Activision Blizzard and made deals with Nvidia and Sony to counter opposition against the merger. This could potentially impact Microsoft's stock in the short term.
The extension of the takeover deal and the partnerships with Nvidia and Sony could potentially influence Microsoft's stock. However, the exact impact is uncertain and depends on various factors including market sentiment and the progress of the deals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nvidia has made a deal with Microsoft to counter opposition against the Microsoft-Activision merger. This could potentially impact Nvidia's stock in the short term.
The deal with Microsoft could potentially influence Nvidia's stock. However, the exact impact is uncertain and depends on various factors including market sentiment and the progress of the deal.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Sony has made a deal with Microsoft to counter opposition against the Microsoft-Activision merger. This could potentially impact Sony's stock in the short term.
The deal with Microsoft could potentially influence Sony's stock. However, the exact impact is uncertain and depends on various factors including market sentiment and the progress of the deal.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Activision Blizzard has extended its takeover deal with Microsoft and reported Q2 revenue growth of 34.2% YoY, missing the consensus. This could potentially impact Activision's stock in the short term.
The extension of the takeover deal and the missed revenue consensus could potentially influence Activision's stock. The missed consensus might lead to a negative sentiment among investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100