ApplePL
2022-12-02
$Microsoft(MSFT)$ 

Microsoft (NASDAQ:MSFT) is likely to soon offer the European Union concessions in order to dismiss objections to its $69B deal to acquire Activision Blizzard (NASDAQ:ATVI), Reuters reports.

Activision Blizzard stock (ATVI) bumped up to a new leg Monday following the news, up 1.4%.

Sony (NYSE:SONY) has jumped to a 0.3% gain.

Notably, the key piece of Microsoft's plan would be a 10-year licensing deal with Sony (SONY) - the key critic of the deal, worried that its market-leading PlayStation console might lose access to Activision's annual best-selling Call of Duty game franchise among others, according to the report.

The EU's antitrust enforcer, the European Commission, is facing a January deadline to lay out its statement of objection - a formal list of competition concerns.

Activision Blizzard rose slightly earlier amid multiple upgrades on Wall Street. Meanwhile, Microsoft's deal is reportedly likely to draw an antitrust lawsuit from the Federal Trade Commission.


Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • bubblyx
    2022-12-02
    bubblyx
    I think it will hold up around $248-$250
  • pixiezz
    2022-12-02
    pixiezz
    Atleast I was right msft at 218 and tsla 168. Too bad I didn’t add enough positions.
  • zinglee
    2022-12-02
    zinglee
    Been adding here since 89$. Have brought cost basis from 194 to 152.. this company is a cash cow
  • logostauros
    2022-12-02
    logostauros
    yes thats great thankss
  • Moolele
    2022-12-02
    Moolele
    Chiong ahh 👍💪🏻
  • JC888
    2022-12-02
    JC888
    It's all about power and money...
Leave a comment
58
1