The court’s decision not to delay the signing of Microsoft’s deal has paid dividends in Activision Blizzard stock.
The value of Activision Blizzard shares he shot himself after confirming the legal victory that Microsoft obtained in the United States and which could be reinforced by a similar result in the United Kingdom, an elusive territory after the decision of the CMA not to authorize the acquisition of the development company of Call of Duty.
Activision Blizzard shares rose 11% after the decision was barely announced, and although they fell a little midday, in monetary terms the shares traded U$D 8.50 per arrival only at the beginning of the trading day. This, moreover, is crowned as the most significant jump of the year in the company’s share price, the last considerable rise of which was in June 2021.
An agreement that endures despite the obstacles
Notably the FTC has not withdrawn its opposition to the purchase, something that will be settled in another trial that will take place in August. This much-talked-about hearing, which has already concluded, was to determine whether the merger should be delayed until the start of the trial, which ultimately will not happen.
If nothing really happens outside of the normal parameters, Microsoft would close the deal with Activision Blizzard before the stipulated date, i.e. July 18th.
Gabriel Fuentes
Translator and localizer of video games passionate about retro titles and simulators. He’s never let go of a controller since he was given an Atari 2600.
