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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. Cal…..
Activision Stock Price Depends on Microsoft Acquisition
Activision Blizzard (NASDAQ: ATVI) was one of the strongest performers in the DFC Intelligence Video Game Stock Index for 2022. From January 2022 to January 2023, ATVI stock price increased 15% versus an average 30% decline in the index.Â
Of course, the reason for the increase was that Microsoft announced plans to buy Activision Blizz…..
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