House Republicans Urge FTC To Abandon Antitrust Case Against Microsoft's Activision Acquisition
Portfolio Pulse from Franca Quarneti
Twenty-two Republican members of the U.S. House of Representatives have written a letter urging the Federal Trade Commission (FTC) to abandon its antitrust case against Microsoft's potential acquisition of Activision Blizzard. The representatives argue that the FTC's actions are obstructing a deal that could expand consumer choices. Microsoft and Activision Blizzard have announced a revised agreement, extending the deadline for the acquisition until Oct. 18.
July 19, 2023 | 3:20 pm
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NEUTRAL IMPACT
Activision Blizzard's potential acquisition by Microsoft is facing opposition from the FTC. However, House Republicans are urging the FTC to abandon its antitrust case, which could potentially facilitate the deal.
The news directly pertains to Activision Blizzard's potential acquisition by Microsoft. If the FTC abandons its antitrust case, it could potentially facilitate the deal, which could have a positive impact on Activision Blizzard's stock. However, the outcome is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's potential acquisition of Activision Blizzard is facing opposition from the FTC. However, House Republicans are urging the FTC to abandon its antitrust case, which could potentially facilitate the deal.
The news directly pertains to Microsoft's potential acquisition of Activision Blizzard. If the FTC abandons its antitrust case, it could potentially facilitate the deal, which could have a positive impact on Microsoft's stock. However, the outcome is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100