The UK Competition and Markets Commission (CMA) has given the provisional green light to Microsoft’s acquisition of Activision, prompting a 6% increase in the value of Activision Blizzard stockreaching $84.39 per share.
Not surprisingly, the CMA has given a tentative positive response, with the European Commission also showing signs of approval in recent weeks. Everything seems to indicate that the acquisition will receive the green light in the United Kingdom from the regulatory authorities, which bodes well for a bright future for Activision and Microsoft.
Activision Shares Rise After CMA’s Preliminary Ruling
Activision Blizzard shares rose nearly 6% today after the CMA found that acquiring Microsoft would not reduce competition in console gaming. This is the highest value the shares have reached since July 2021. Investors are confident that this deal will materialize.
Activision Blizzard stock jumps nearly 6% today on news that the CMA has found that Microsoft’s acquisition ‘will not lead to less competition in console gaming’
This is the highest level for the stock since July 2021. Investors are growing confident that this deal will materialize pic.twitter.com/g7Q5R3PrU4
—Benji-Sales (@BenjiSales) March 24, 2023
