U.S. Federal Trade Commission Says Remains Focused On Appeal Aimed At Stopping Microsoft Now-Closed Deal For Activision; FTC Will 'Assess' Agreement With Ubisoft As Part Of Its Proceedings
Portfolio Pulse from Benzinga Newsdesk
The U.S. Federal Trade Commission (FTC) is focused on an appeal aimed at stopping Microsoft's now-closed deal for Activision. The FTC will also 'assess' an agreement with Ubisoft as part of its proceedings.
October 13, 2023 | 2:09 pm
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NEGATIVE IMPACT
Activision's deal with Microsoft is under scrutiny by the FTC, which could potentially impact the deal.
The FTC's focus on the appeal against Activision's deal with Microsoft could potentially lead to regulatory hurdles or even a reversal of the deal, which would negatively impact Activision's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's acquisition of Activision is under scrutiny by the FTC, which could potentially impact the deal.
The FTC's focus on the appeal against Microsoft's acquisition of Activision could potentially lead to regulatory hurdles or even a reversal of the deal, which would negatively impact Microsoft's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The FTC's actions could potentially impact the broader market, represented by SPY.
The FTC's actions against major companies like Microsoft and Ubisoft could potentially create uncertainty in the market, which could negatively impact the broader market, represented by SPY, in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Ubisoft's agreement is being assessed by the FTC as part of its proceedings, which could potentially impact the company.
The FTC's decision to assess Ubisoft's agreement as part of its proceedings could potentially lead to regulatory hurdles for the company, which would negatively impact Ubisoft's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80