Activision Shares Rise After British Regulator Softens Stance on Microsoft Deal
2023年3月24日 - 10:08PM
Dow Jones News
By Will Feuer
Shares of Activision Blizzard Inc. rose in early trading after
U.K. antitrust regulators softened their stance on Microsoft
Corp.'s proposed $75 billion deal to buy the gaming company.
Activision stock climbed 6%, to $84.45 a share, in the premarket
session. Microsoft last year agreed to buy the company for $95 a
share, but shares of Activision have trailed below that amid
regulatory scrutiny of the merger.
The U.K.'s Competition and Markets Authority said Friday that
new evidence has alleviated some of the regulator's concerns over
how the deal would affect competition in the console-based gaming
The regulator said the deal "will not result in a substantial
lessening of competition in relation to console gaming in the UK."
The CMA said Microsoft has a financial incentive to keep popular
Activision games, like "Call of Duty," available on rival consoles,
according to new evidence.
However, the CMA said its provisional concerns over how the deal
would affect competition in the cloud-based gaming space remain.
The CMA said it is on track to finish its investigation into the
deal by the end of next month.
Representatives for Microsoft and Activision didn't immediately
return requests for comment.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 24, 2023 08:53 ET (12:53 GMT)
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