Microsoft Submits New Deal To U.K. Regulators For The Takeover Of Activision Blizzard After The Initial Rejection
Portfolio Pulse from Benzinga Newsdesk
Microsoft has submitted a new deal to U.K. regulators for the takeover of Activision Blizzard, following the initial rejection of the proposal.
August 22, 2023 | 6:27 am
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NEUTRAL IMPACT
The resubmission of the deal by Microsoft to U.K. regulators could create uncertainty around Activision Blizzard's acquisition.
The resubmission of the deal by Microsoft creates uncertainty around the acquisition of Activision Blizzard. This could potentially impact Activision Blizzard's short-term stock performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's resubmission of the deal to U.K. regulators could potentially delay the acquisition process of Activision Blizzard.
The resubmission of the deal indicates that Microsoft is facing regulatory hurdles in its acquisition of Activision Blizzard. This could potentially delay the acquisition process, which may impact Microsoft's short-term stock performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100