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The U.K. Competition and Markets Authority (CMA) has announced that it is blocking the proposed Microsoft purchase of Activision Blizzard. Does this mean the deal is dead? The answer is complex.
Summary: AKA Just Give Me the Answer
DFC gets a ton of questions on this subject so we are providing a full summary of events here. However, for the quick summary: No the deal is not dead! However, Microsoft will likely need to make further compromises to appease regulators. T…..
For the first quarter of 2023 ending 3/31/23, Activision Blizzard (NASDAQ: ATVI) reported revenue increased 35% over the previous year to $2.38 billion. Net bookings were up 25% to $1.86 billion. Net income for the quarter was $740 million compared with $395 million for the first quarter of 2022.
In its financial release Activision commented on the U.K. CMA decision to block its acquisition by Microsoft. The company stated:
Activision Blizzard considers tha…..
The U.K. Competition and Markets Authority (CMA) has announced it will prevent the proposed Microsoft purchase of Activision Blizzard for $68.7 billion. The deal was blocked on the ground that the merger could make Microsoft even stronger in cloud gaming, stifling competition in the growing market.
In making th…..