ATVI acquisition update: Microsoft offers Sony more rights
Updates on $Activision Blizzard(ATVI)$ takeover
$Microsoft(MSFT)$ has been sent to $Sony(SONY)$ available for sale on its PlayStation Plus streaming service$Activision Blizzard(ATVI)$The most popular "Call of Duty" video game is right to fight for its $69 billion deal to be approved.
This is a further olive branch after Microsoft promised to renew Sony PS"Call of Duty" for 10 years last week.
Although this news is not too heavy and unexpected, But it is more important to Sony.
Sony launched PlayStation Plus streaming service as early as April this year, this first-class media video service is later than Microsoft's Xbox Game Pass. Sony's PlayStation Plus streaming service is similar to Microsoft's Xbox Game Pass, but cloud games are still in their infancy because most games are either played on physical CDs or downloaded separately
The console game platform exits the streaming media service, which is also aimed at video games$Netflix(NFLX)$When Sony launched PlayStation Plus, Microsoft Xbox Game Pass had accumulated more than 25 million subscribers In other words, Microsoft's pace of streaming games is faster than Sony.
Sony has repeatedly voiced its opposition to Microsoft's takeover for a number of reasons, including that it would give Xbox an edge in console sales and Microsoft's Xbox Game Pass streaming service.
Concessions on the latest business, therefore, have added to the belief that Microsoft is confident of winning the deal.
The market also gave ATVI an increase of nearly 3 points.
I have also written articles before, and think that this acquisition is full of investment opportunities. You can look at the following trading methods.
"Don't forget this arbitrage acquisition opportunity."
In a word, the probability of the final complete of this acquisition is quite high, Thus the current price is still very attractive, and the return is expected to outperform the index.
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.
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