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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 consid…..
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…..
The U.K. Competition and Markets Authority (CMA) has issued updated provisional findings to narrow its scope of review in the proposed Microsoft acquisition of Activision Blizzard. The new findings reach the provisional conclusion that overall the transaction will not result in a substantial lessening of competition for console gaming in the U.K. market
This new finding d…..