TECH - Why Is Activision Blizzard Stock Trading Higher Friday? | Benzinga
Microsoft Corp (NASDAQ: MSFT) has revamped its acquisition strategy for Activision Blizzard Inc (NASDAQ: ATVI) after facing initial regulatory hurdles in the U.K.
The tech giant's initial $69 billion bid to acquire the gaming company was met with resistance, prompting a reevaluation of the deal's terms.
Earlier in 2022, Microsoft's ambitious acquisition faced objection from the U.K.'s Competition and Markets Authority (CMA) due to concerns over the potential dominance of the emerging cloud gaming sector.
However, with the revised proposal, Microsoft seems poised to navigate these regulatory waters.
The initial apprehension ...