Activision Stock Rises on U.K. Regulatory News About Microsoft Deal
Shares of Activision Blizzard rose significantly!
That move on the market came after the top U.K. competition authority said it was narrowing the scope of its probe into Microsoft’s proposed acquisition of the videogame company, saying it is no longer concerned that the deal could hurt competition in console gaming.
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Shares of Activision Blizzard rose early Friday after the top U.K. competition authority said it was narrowing the scope of its probe into Microsoft's proposed acquisition of the videogame company#ActivisionBlizzard #gaming pic.twitter.com/O2rH1udpA1
— The_Journalbiz (@the_journalbiz) March 24, 2023
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Activision’s shares were up nearly 6% in afternoon action, looking for their highest close since July 2021. Microsoft’s edged higher.
Microsoft in January 2022 agreed to buy Activision in an all-cash deal.
