Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Activision shares crushed after the ban on the merger with Microsoft


April, 27 2023
watermark Economic news

Shares of Activision Blizzard, the largest video game manufacturer, fell by 11.45% to $76.81 per paper, after a ban on a merger with Microsoft. At the same time, Microsoft securities rose by 7.73% and reached a value of $296.7 per share.


The drop in quotations occurred after the UK Competition and Markets Authority (CMA) blocked Microsoft's deal to acquire Activision Blizzard. 


The website of the British department reports the reason for the ban. The CMA document notes that cloud services allow British gamers to avoid buying expensive gaming consoles and PCs, and also give them a much greater degree of freedom and the ability to choose how to play. In the event of a merger with Blizzard, Microsoft Corporation may take an extremely strong position in the cloud gaming market, which, in turn, may undermine the innovation processes and development of other companies. 


Thus, the regulator fears that the deal could lead to a significant reduction in competition in the markets of game consoles, subscriptions and cloud computing. If Blizzard were acquired, Microsoft would become the third largest gaming company in the world after Tencent and Sony.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.