Watching Microsoft shares as Activision deal gets all-clear from Britain
Britain's antitrust regulator has cleared Microsoft's $69 billion acquisition of "Call of Duty" maker Activision Blizzard. IGTV's Angeline Ong looks at the share reaction and the next key date to watch in this gaming M&A saga.
(Video summary)
Microsoft's deal with Activision a game changer
Microsoft has received approval from Britain for their massive deal with Activision. This deal, valued at a staggering $69 billion, could potentially be the biggest gaming deal ever. However, the stock market seems to be staying relatively calm for now, with no major movement following the news.
Activision daily chart
It's important to note that it's still early in the day, so things could change. To understand the significance of this deal, let's take a look at Activision's daily chart. This chart shows how the stock has been doing since the deal was announced a few years ago. This gives us an idea of how investors have reacted to the news and how the stock has performed.
Initially, the acquisition was blocked back in April due to concerns about Microsoft's dominance in the Cloud gaming market. However, Microsoft has made some changes and expressed their gratitude for the thorough review by the UK Competition and Markets Authority (CMA).
Activision Blizzard, the company being acquired, has also welcomed the CMA's approval and is excited about joining forces with the Xbox team. If everything goes smoothly and there are no further obstacles, the deal is expected to be completed by the October 18th deadline. This means that Microsoft will officially own Activision, and the two companies will be able to work together to create even better gaming experiences for players.
In simpler terms, this is a huge deal in the gaming world. It's like two giants joining forces to make even better and more exciting games. Think of it as if the Avengers teamed up with the Justice League to save the world. It's a big deal and could potentially have a big impact on the gaming industry as a whole.
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