Microsoft And Activision File Motion To U.S. Federal Trade Commission Asking For Case Against Activision Acquisition To Be Withdrawn
Portfolio Pulse from Benzinga Newsdesk
Microsoft and Activision have filed a motion to the U.S. Federal Trade Commission asking for the case against Activision's acquisition to be withdrawn, according to an SEC filing.
July 19, 2023 | 8:30 pm
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POSITIVE IMPACT
The request to withdraw the case against Activision's acquisition could potentially speed up the acquisition process, which could be beneficial for Activision.
If the FTC agrees to withdraw the case, it could remove a significant hurdle in Activision's acquisition by Microsoft, potentially leading to a faster completion of the deal and a positive impact on Activision's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's request to withdraw the case against Activision's acquisition could potentially speed up the acquisition process.
If the FTC agrees to withdraw the case, it could remove a significant hurdle in Microsoft's acquisition of Activision, potentially leading to a faster completion of the deal and a positive impact on Microsoft's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100