Msft Notifies the European Antitrust Authority About Its Proposed Acquisition of Activision


MSFT stock was trading at $237.27 as of 12:16 PM EDT.

Microsoft (NASDAQ:MSFT) informed the European antitrust authority of its intention to acquire Activision (NASDAQ:ATVI) for $69 billion. Microsoft increased by 1.1%, and Activision increased by 0.3%.

As per the regulator’s website, Microsoft (NASDAQ:MSFT) filed with the European Commission for the Activision merger, and the organization set a provisional deadline of Nov. 8 to make a decision on the transaction.

The antitrust agency in the UK stated earlier this month that it is investigating the Activision (NASDAQ:ATVI) merger further after Microsoft failed to allay concerns about possible anticompetitive implications.

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The transaction is anticipated to undergo a thorough investigation by the European Commission, according to a story from The Financial Times published earlier this month. The Australian Competition & Consumer Commission postponed making a judgment on the massive video game deal earlier this month.

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Satya Nadella, the CEO of Microsoft (NASDAQ:MSFT), told Bloomberg in an interview last Thursday that he is still convinced that the $69 billion merger would be authorized, despite the fact that numerous regulators are reviewing it. Nadella said he was “very, very sure that we’ll come out” with a successful acquisition, although acknowledging that deals of the size of Microsoft’s (NASDAQ:MSFT) will inevitably face some regulatory scrutiny.

Activision Blizzard (NASDAQ:ATVI) will be acquired by Microsoft (MSFT) for $69 billion in cash, or $95 per share. Tech heavies After Raymond James’ Andrew Marok reiterated his ‘Outperform’ rating and $300 price target on Microsoft Corporation (NASDAQ:MSFT), the stock is up 0.53%. In Mark’s opinion, Microsoft Corporation (NASDAQ:MSFT) offers “a bundle of sustainable advantages,” including scale and close ties to customers who use corporate software. Additionally, Microsoft Corporation (NASDAQ:MSFT) holds a strong presence in both digital advertising and the public cloud. More on Yahoo Finance. 

Despite being down nearly 30% year to date, Microsoft Corporation (NASDAQ:MSFT) stock has performed well over the past five years. 

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