MSFT - One third-party in China said to express concern with Activision/Microsoft deal
At least one-third party in China has expressed its worries about Microsoft's ( NASDAQ: MSFT ) planned $69 billion acquisition of videogame giant Activision ( NASDAQ: ATVI ).
The third party expressed its concerns to China's antitrust regulator, the State Administration for Market Regulation, according to a Dealreporter item on Friday. The publication previously reported that two Chinese game operators, including Tencent ( OTCPK:TCEHY ), were supportive of the transaction.
The companies initially filed the transaction with SAMR in April under a "simplified procedure," though they were forced to file it under normal procedure, media outlets reported in November.
China is the least worry of investors involved with the Activision/Microsoft deal as the transaction is already seeing extensive antitrust reviews and challenges in the U.S., UK and the European Union.
On Tuesday CNBC reported on speculation that Activision ( ATVI ) hired Morgan Stanley for activism defense . The Activision ( ATVI ) CFO told investors on Monday that the company could use its cash for a dividend, buybacks or even mergers & acquisitions, if a deal fails to close, according to CNBC.
On Tuesday PaRR reported that the European antitrust regulator is set to hold a hearing next week as part of its in-depth review of Microsoft's ( MSFT ) planned $69 billion acquisition of Activision ( ATVI ).
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One third-party in China said to express concern with Activision/Microsoft deal