Why did Activision Blizzard stock go down today? Concern UK may oppose Microsoft deal


Update 8pm: Adds Microsoft comment to NYT on UK antitrust review.Activision Blizzard (NASDAQ:ATVI) dropped 5% on a report that Microsoft (NASDAQ:MSFT) expects the UK’s antitrust authority may oppose its $69 billion videogame megadeal.

Microsoft’s (MSFT) legal teamATVImay be amenable

The NYT updated its story later on Monday to include that Microsoft (MSFT) said it believes it has a strong case in the UK and it has not been “predetermined,” nor been advised by its lawyers that the merger will be blocked.

Earlier this month the UK antitrust watchdog’s review of the transaction was extended to late April from early March. The UK’S CMA in September confirmed it was taking a deeper look at the Activision deal after Microsoft failed to assuage concerns about potential anticompetitive effects.

After the close on Monday Activision (ATVI) reported a Q4 beat on adj. EPS and net booking. Activision rose 0.7% in after hours trading.



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