Activision (NASDAQ:ATVI)
Earlier in the day, a block of 3.7 million shares of the video game manufacturer Activision (NASDAQ:ATVI) was sold for $72.25 per share. Despite that, Activision stock surged in the market.
According to dealers, Goldman Sachs was supposed to have started shopping the block earlier on Monday.
Activision (NASDAQ:ATVI), which had previously agreed to sell itself to Microsoft (NASDAQ:MSFT) in January as part of a massive transaction for $69 billion, has now agreed to sell itself to EA (NASDAQ:EA). The present transaction spread of $23.68 suggests that traders have some reservations about the possibility that authorities all over the globe would give the merger their blessing, particularly in the United States, the United Kingdom, and Europe.
According to a report that was released earlier this month, a ruling on the acquisition from the United States Federal Trade Commission might come as soon as late November. According to Dealreporter, which cited two sources for its information, employees at the FTC claimed to have substantial reservations over the acquisition.
At the end of March, the FTC initiated a comprehensive antitrust investigation into the planned merger between Activision stock and MSFT by requesting further information regarding the transaction.
Microsoft made a complaint on Wednesday about the influence of its competitor in the videogame console market, Sony (SONY), on UK regulators, at the same time that the competition watchdog in that country released the entire text of its decision to award a phase 2 examination to Microsoft’s planned purchase of Call of Duty creator Activision (NASDAQ:ATVI).
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Even though a block of 3.7 million Activision stock had been exchanged earlier, the price continued to rise.
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Author Shariq Khan 
