Activision rises as Microsoft inks deal to keep CoD on Playstation

Tonner-One World Holdings

17/07/2023 09:28

** Shares of Call of Duty (CoD) publisher Activision
Blizzard  ATVI.O  rise 4.5% to $94.11 premarket
    ** Stock inches closer to Microsoft's  MSFT.O  offer price
of $95 per share
    ** MSFT signed an agreement to keep Call of Duty on Sony
Group's  6758.T  PlayStation following the acquisition of
Activision Blizzard, Microsoft Gaming CEO Phil Spencer said on
Sunday
    ** A U.S. appeals court on Friday rejected the Federal Trade
Commission's request to pause the deal removing one of the few
remaining hurdles stopping the Xbox maker from buying ATVI
    ** Up to last close, ATVI had risen ~18% and MSFT gained
~44% this year

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Activision's shares since Microsoft said it would buy co for $69
bln    https://tmsnrt.rs/3rmbMen
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 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))