Ubisoft jumps as Britain says it's set to clear revised Microsoft-Activision deal

Activision Blizzard

22/09/2023 09:48

** French video game maker Ubisoft  UBIP.PA  rises 3.5%
after UK antitrust regulator said it's favourable to Microsoft's
 MSFT.O  restructured acquisition of Activision Blizzard
 ATVI.O  that would see Ubisoft pick up Activision's streaming
rights
    ** Activision agreed to sell the streaming rights to Ubisoft
in August in a new attempt to win over the Competition and
Markets Authority (CMA)
    ** Alphavalue analysts say this is positive news for
Ubisoft, but notes the price Ubisoft will pay for the rights
remains a key question
    ** The broker says that due to the rights sale being
integral to the takeover, Ubisoft's bargaining power has been
strengthened 
    ** The rights acquisition would support recurring revenues
while "strengthening the appeal of its Ubisoft+ cloud streaming
offering", Alphavalue adds
    ** The Ubisoft stock has climbed about 35%, or about 10
euros, in value since February

 (Reporting by Pierre John Felcenloben)
 ((Pierrejohn.felcenloben@thomsonreuters.com))