Sept. 30, 2022, 2:20 p.m. EDT

Msft Notifies the European Antitrust Authority About Its Proposed Acquisition of Activision

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Sep 30, 2022 (PressReach.com via COMTEX) -- Microsoft /zigman2/quotes/207732364/composite MSFT -0.42% informed the European antitrust authority of its intention to acquire Activision /zigman2/quotes/200717283/composite ATVI +0.11% for $69 billion. Microsoft increased by 1.1%, and Activision increased by 0.3%.

As per the regulator’s website, Microsoft /zigman2/quotes/207732364/composite MSFT -0.42% filed with the European Commission for the Activision merger , and the organization set a provisional deadline of Nov. 8 to make a decision on the transaction.

The antitrust agency in the UK stated earlier this month that it is investigating the Activision /zigman2/quotes/200717283/composite ATVI +0.11% merger further after Microsoft failed to allay concerns about possible anticompetitive implications.

By 2025, Will Microsoft Stock Have Surpassed Apple In Value?

The transaction is anticipated to undergo a thorough investigation by the European Commission, according to a story from The Financial Times published earlier this month. The Australian Competition & Consumer Commission postponed making a judgment on the massive video game deal earlier this month.

Satya Nadella, the CEO of Microsoft /zigman2/quotes/207732364/composite MSFT -0.42% , told Bloomberg in an interview last Thursday that he is still convinced that the $69 billion merger would be authorized, despite the fact that numerous regulators are reviewing it. Nadella said he was “very, very sure that we’ll come out” with a successful acquisition, although acknowledging that deals of the size of Microsoft’s /zigman2/quotes/207732364/composite MSFT -0.42% will inevitably face some regulatory scrutiny.

Activision Blizzard /zigman2/quotes/200717283/composite ATVI +0.11% will be acquired by Microsoft (MSFT) for $69 billion in cash, or $95 per share. Tech heavies After Raymond James’ Andrew Marok reiterated his ‘Outperform’ rating and $300 price target on Microsoft Corporation /zigman2/quotes/207732364/composite MSFT -0.42% , the stock is up 0.53%. In Mark’s opinion, Microsoft Corporation /zigman2/quotes/207732364/composite MSFT -0.42% offers “a bundle of sustainable advantages,” including scale and close ties to customers who use corporate software. Additionally, Microsoft Corporation /zigman2/quotes/207732364/composite MSFT -0.42% holds a strong presence in both digital advertising and the public cloud. More on Yahoo Finance.

Despite being down nearly 30% year to date, Microsoft Corporation /zigman2/quotes/207732364/composite MSFT -0.42% stock has performed well over the past five years.

Featured Image - Unsplash (C) Mohammad Rezaie

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COMTEX_415646803/2810/2022-09-30T14:20:16

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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...
/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 76.19
+0.08 +0.11%
Volume: 4.54M
Dec. 7, 2022 11:56a
P/E Ratio
35.76
Dividend Yield
0.62%
Market Cap
$59.57 billion
Rev. per Employee
$750,714
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...
/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 76.19
+0.08 +0.11%
Volume: 4.54M
Dec. 7, 2022 11:56a
P/E Ratio
35.76
Dividend Yield
0.62%
Market Cap
$59.57 billion
Rev. per Employee
$750,714
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...
/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 76.19
+0.08 +0.11%
Volume: 4.54M
Dec. 7, 2022 11:56a
P/E Ratio
35.76
Dividend Yield
0.62%
Market Cap
$59.57 billion
Rev. per Employee
$750,714
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 244.09
-1.03 -0.42%
Volume: 7.25M
Dec. 7, 2022 11:56a
P/E Ratio
26.30
Dividend Yield
1.11%
Market Cap
$1827.24 billion
Rev. per Employee
$918,891
loading...

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