CMA Approves Microsoft-Activision Deal Following Cloud Gaming Rights Restructuring
Portfolio Pulse from Anusuya Lahiri
The U.K.'s Competition and Markets Authority (CMA) has approved Microsoft's acquisition of Activision Blizzard, excluding Activision Blizzard's non-EEA cloud streaming rights. The approval came after Microsoft restructured the agreement to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft. Microsoft had also cut similar deals with Nvidia and Sony to win support for the acquisition. Activision Blizzard shares are trading higher, while Microsoft shares are down.
October 13, 2023 | 12:04 pm
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POSITIVE IMPACT
Activision Blizzard's shares are trading higher following the approval of its acquisition by Microsoft.
The approval of the acquisition by Microsoft is a positive development for Activision Blizzard, and this is reflected in the increase in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nvidia had cut a similar deal with Microsoft, but its shares are not directly impacted by this news.
While Nvidia had cut a similar deal with Microsoft, the news does not directly impact its shares.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Sony had cut a similar deal with Microsoft, but its shares are not directly impacted by this news.
While Sony had cut a similar deal with Microsoft, the news does not directly impact its shares.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Microsoft's acquisition of Activision Blizzard has been approved by the CMA, but its shares are down.
The approval of the acquisition is a positive development for Microsoft, but the drop in its share price indicates that the market may have already priced in this news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100