Activision CEO Bobby Kotick On Microsoft Deal Says Will End Up Seeing Reasonable Resolution From UK CMA; Says 98% Of Co's Shareholders Voted For The Transaction
Portfolio Pulse from Happy Mohamed
Activision CEO Bobby Kotick stated in a CNBC interview that he expects a reasonable resolution from the UK Competition and Markets Authority (CMA) regarding Microsoft's acquisition of Activision. He also mentioned that 98% of Activision's shareholders voted in favor of the transaction.
July 19, 2023 | 2:50 pm
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POSITIVE IMPACT
Activision's CEO expects a favorable resolution from the UK CMA on Microsoft's acquisition, with 98% of shareholders supporting the deal.
The CEO's positive outlook and the overwhelming shareholder support for the deal suggest a high likelihood of the acquisition proceeding, which could boost Activision's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's acquisition of Activision is expected to receive a reasonable resolution from the UK CMA, according to Activision's CEO.
The positive outlook from Activision's CEO on the acquisition's approval by the UK CMA could positively impact Microsoft's stock in the short term, as the acquisition would expand Microsoft's gaming portfolio.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80