MSFT Stock Slumped Amidst Greater Uk Scrutiny on Activision Deal [MarketWatch]
Activision Blizzard, Inc (ATVI)
Last activision blizzard, inc earnings: 2/6 04:05 pm
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Source: MarketWatch
Sep 22, 2022 (PressReach.com via COMTEX) -- MSFT stock and other tech stocks have suffered a rough 2022, which can be described as a bear year of the mixed bag of resilience. As the investigation enters its second phase, a group of impartial reviewers will be added. The $75 billion deal in one of the biggest markets for interactive entertainment in the world is now uncertain after the U.K.'s competition regulator said it would intensify its investigation into whether Microsoft Corp.'s (NASDAQ:MSFT) planned acquisition of Activision Blizzard Inc. (NASDAQ: ATVI) could hurt competition in the videogame industry. The $75 billion merger in one of the biggest marketplaces for interactive entertainment appears to have the potential to hurt competition in the video game industry. The companies were questioned by the Competition and Markets Authority earlier this month in order to resolve concerns about competition. After Microsoft informed the CMA that it wasn't making any concession
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