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U.K. CMA Narrows Scope of Microsoft’s Activision Blizzard Purchase
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 findi…..
Do CMA Findings Jeopardize Microsoft Activision Blizzard Deal?
The U.K. Competition and Markets Authority (CMA) published its latest findings in its ongoing inquiry into the Activision Blizzard merger. These provisional findings are part of the ongoing Phase 2 investigation that started last September and is scheduled to be completed by April 26, 2023.
The 275-page document concludes with two major issues:
The full report is available …..
Activision Blizzard Sees Bookings Soar
For the third fiscal quarter ending 12/31/22, Activision Blizzard (NASDAQ: ATVI) saw bookings soar to $3.56 billion, up 45% from the previous year’s quarter. Net revenue was $2.3 billion with $1.2 billion in deferred revenue. Call of Duty: Modern Warfare II saw the highest opening quarter sell-through in franchise history. Blizzard reported its highest quarterly net bookings.
Analysis
The results for Activision Blizzard were quite strong. Call of Duty: Modern Warfare…..
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