Microsoft (MSFT) Continuing To Engage With Regulators Reviewing Deal To Buy Activision Blizzard, And Are Working Toward Closing It In Fiscal Year 2023

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Go back to Microsoft (MSFT) Continuing To Engage With Regulators Reviewing Deal To Buy Activision Blizzard, And Are Working Toward Closing It In Fiscal Year 2023

Evercore ISI Stays Outperform on Microsoft (MSFT): 'this announcement should not distract from the broader narrative around cloud/AI'

April 26, 2023 9:26 AM EDT

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $337.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "In a somewhat surprising move after a lot of back/forth between the two parties, the CMA denied Microsofts acquisition of Activision based on concerns about the downstream implications on the cloud gaming market. There are a lot of potential long-term implications for tech M&A that are worth discussing at another time, but the bottom line as it relates to MSFT/ATVI is that the process from here... More