Activision Blizzard Tells Benzinga "The Recent Decision In The U.S. And Approvals In 40 Countries All Validate That The Deal Is Good For Competition, Players, And The Future Of Gaming. Given Global Regulatory Approvals And The Companies' Confidence That CMA Now Recognizes There Are Remedies Available To Meet Their Concerns In The UK, The Activision Blizzard And Microsoft Boards Of Directors Have Authorized The Companies Not To Terminate The Deal Until After October 18. We're Confident In Our Next Steps"
Portfolio Pulse from Happy Mohamed
Activision Blizzard and Microsoft have received regulatory approvals in 40 countries for their merger deal. The companies are confident that the UK's Competition and Markets Authority (CMA) will also approve the deal. The boards of both companies have decided not to terminate the deal until after October 18.
July 19, 2023 | 1:51 pm
News sentiment analysis
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POSITIVE IMPACT
Activision Blizzard's merger with Microsoft has received global regulatory approvals, boosting confidence in the deal's completion.
The global regulatory approvals and the decision not to terminate the deal until after October 18 indicate a high likelihood of the merger proceeding. This could potentially boost Activision Blizzard's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Microsoft's merger with Activision Blizzard has received global regulatory approvals, indicating a high likelihood of the deal's completion.
The global regulatory approvals and the decision not to terminate the deal until after October 18 suggest a high likelihood of the merger proceeding. This could potentially boost Microsoft's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100