UK set to clear Microsoft's Activision Blizzard acquisition after restructured deal 'opens the door'

Activision Blizzard, Roku, Wayfair and Citi rise premarket; Ford falls

September 22, 2023 8:21 AM EDT

Investing.com -- U.S. futures edged higher Friday, ending a difficult week punctuated by a hawkish Federal Reserve meeting on a positive note.

Here are some of the biggest premarket U.S. stock movers today:

Activision Blizzard (NASDAQ: ATVI) stock rose 1.8% after the U.K. competition regulator indicated that... More

Microsoft's Activision acquisition gains provisional approval from U.K.'s CMA

September 22, 2023 5:58 AM EDT

The ongoing saga of Microsoft (NASDAQ: MSFT)'s acquisition of Activision, the maker of Call of Duty, has taken a positive turn this Friday with the UK's Competition and Markets Authority (CMA) provisionally approving the deal. This development comes in the wake of Ubisofts involvement in acquiring Activisions cloud gaming rights, a move that seems to have allayed the CMAs initial concerns about cloud gaming competition.

The CMA had previously blocked the sale due to apprehensions about Microsoft gaining too much control over cloud gaming. However, Microsoft's decision to sell... More

BOJ stands pat, Activision acquisition deal, UAW strike - what's moving markets

September 22, 2023 5:38 AM EDT

Investing.com -- The Bank of Japan maintained its extremely accommodative monetary policy stance, hitting the yen, while U.S. stocks are set for hefty weekly drops in the wake of the Federal Reserves hawkish tilt. Microsoft (NASDAQ: MSFT) could soon receive U.K. approval for its Activision purchase, while an expansion of the UAW draws nearer.

1. Futures edge higher, but on course for weekly drop

U.S. stock futures edged higher Friday, but are on course to post hefty weekly losses in... More

UK CMA: New Microsoft/Activision Deal Opens Door For Clearance - Bloomberg

September 22, 2023 4:40 AM EDT

(Updated - September 22, 2023 4:41 AM EDT)

UK CMA: New Microsoft/Activision Deal Opens Door For Clearance - Bloomberg

The UK competition authorities signaled they will accept the latest concessions.The restructured offer to sell some gaming rights to French publisher Ubisoft Entertainment SA. is expected to... More

UK says grounds to clear Microsoft's Activision deal

September 22, 2023 2:24 AM EDT

LONDON (Reuters) - Britain's antitrust regulator on Friday said there were grounds to clear Microsoft's $69 billion acquisition of Call of Duty owner Activision Blizzard.

"The CMA now gives notice ... to the Parties that it considers that there are reasonable grounds for believing that the undertakings offered, or a... More