ATVI - Microsoft said to plan to close Activision deal despite FTC suit - report
2023-04-25 15:35:34 ET
- Microsoft ( NASDAQ: MSFT ) is preparing to close its planned $69 billion acquisition of Activision ( NASDAQ: ATVI ) even as the Federal Trade Commission has sued to block the deal. Activision ticked up 0.5%.
- Microsoft ( MSFT ) is believed to be optimistic about gaining UK antitrust approval for the Activision( ATVI ) this week, according to a NY Post report , which cited sources close to MSFT. The UK regulator is scheduled to make a decision on the videogame mega deal on Wednesday.
- Microsoft ( MSFT ) expects to receive European Union approval for the combination next month, according to the report, as the regulator has a June deadline for its review of the deal.
- If Microsoft ( MSFT ) gains the European approval, the company plans to close its $95 a share takeover, the NY Post reported, citing an unidentified source.
- The FTC sued in December to block Microsoft's (MST) $69B acquisition of the videogame publisher.
- Developing story ...
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Microsoft said to plan to close Activision deal despite FTC suit - report