Activision shares edge up as UK set to clear revised Microsoft takeover deal

Activision Blizzard

22/09/2023 10:09

** Shares of Activision Blizzard  ATVI.O  rise 1.7% to
$93.93 premarket
    ** Britain's antitrust regulator says restructured $69 bln
acquisition of Microsoft-Activision "opens the door" to the
biggest ever gaming deal being cleared
    ** UK's Competition and Markets Authority said on Friday
that the Ubisoft divestment "substantially addresses previous
concerns"
    ** ATVI shares have risen 24% since Microsoft  MSFT.O 
announced its plan to buy co in early 2022, but the deal was
blocked in April by Britain's competition regulator
    ** MSFT shares up 0.4%

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))