ATVI - Activision Stock Price Jumped When It Was Included on Wedbush's Best Ideas List Acquisition or No Acquisition
Activision Blizzard ( NASDAQ:ATVI )
With the game developer’s $69 billion sale to Microsoft ( NASDAQ:MSFT ) seen as “very” likely to be completed within the next six months, Activision Blizzard ( NASDAQ:ATVI ) has been added to Wedbush’s Best Ideas List .
Wedbush analyst Michael Pachter said that Microsoft (MSFT) will offer explicit promises about the availability of Activision material, such as having “Call of Duty” accessible on Sony’s (SONY) Playstation for the next decade.
Following a Politico article from last Wednesday that the FTC might sue to prevent the $95/share Activision sale, Wedbush has recommended against the transaction. Reuters reported on Monday that Microsoft (MSFT) is planning to provide concessions to the European Union in the near future to allay concerns about its proposed acquisition of Activision. A 10-year license agreement between Microsoft and Sony is in the works (SONY).
Pachter pointed out that even after merging, Activision and Microsoft will control just around 10% of the global video game business, far behind the likes of Tencent (OTCPK:TCEHY) and Sony (SONY).
According to Pachter’s analysis, “We believe that there are legal difficulties in the U.S., U.K., and EU. most likely not develop formally” and much less likely to succeed if they do.
Pachter believes Activision stock will ultimately reach hi...
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