UK Business And Trade Minister Badenoch Says Doesn't Agree With Microsoft's Criticism Of Regulator CMA's Initial Decision To Block Activision Deal
Portfolio Pulse from Benzinga Newsdesk
UK Business and Trade Minister Badenoch has disagreed with Microsoft's criticism of the Competition and Markets Authority's (CMA) initial decision to block the Activision deal.
September 19, 2023 | 1:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The CMA's decision to block the Activision deal, which Microsoft has criticized, has been supported by UK Business and Trade Minister Badenoch.
The support from a UK minister for the CMA's decision could potentially increase the regulatory hurdles for the Activision deal. This could negatively impact Activision's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's criticism of the CMA's decision to block the Activision deal has been disagreed with by UK Business and Trade Minister Badenoch.
The disagreement from a UK minister could potentially add to the regulatory hurdles Microsoft is facing in its attempt to acquire Activision. This could negatively impact Microsoft's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The disagreement of UK Business and Trade Minister Badenoch with Microsoft's criticism of the CMA's decision could potentially impact the European market.
While the disagreement could potentially add to the regulatory hurdles for the Activision deal, its impact on the broader European market, represented by VGK, is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50