UK's Competition Appeal Tribunal: Grants Adjournment Application In Case Of Microsoft/Activision
Portfolio Pulse from Happy Mohamed
The UK's Competition Appeal Tribunal has granted an adjournment application in the case of Microsoft's acquisition of Activision. The decision could potentially delay the completion of the deal.
July 21, 2023 | 4:15 pm
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NEGATIVE IMPACT
The adjournment in the Microsoft/Activision case could potentially delay Microsoft's acquisition of Activision, which may impact Activision's stock in the short term.
The adjournment could delay the acquisition process, which may create uncertainty among investors and potentially impact Activision's stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The adjournment in the Microsoft/Activision case could potentially delay Microsoft's acquisition of Activision, which may impact Microsoft's stock in the short term.
The adjournment could delay the acquisition process, which may create uncertainty among investors and potentially impact Microsoft's stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
The decision by the UK's Competition Appeal Tribunal may indirectly affect the UK market, potentially impacting the iShares MSCI United Kingdom ETF (EWU).
While the decision is related to a case involving two US companies, it was made by a UK tribunal and could potentially have indirect effects on the UK market, which may impact the EWU ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50