Tuesday, 21 March 2023

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Microsoft offers remedies to gain EU approval for Activision deal, Reuters says – TipRanks Financial Blog

nLight price target lowered to $30 from $40 at Raymond James

Microsoft (MSFT) has offered remedies in an effort to achieve EU antitrust clearance for its proposed $69B takeover of Activision Blizzard (ATVI), Reuters’ Foo Yun Chee reports, citing a European Commission filing. The commission will now seek feedback from rivals and customers before making a determination on the deal by a May 22 deadline, the author notes. Reference Link

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