Microsoft’s Court Win Over FTC Leads Activision Blizzard Stock to Highest Point Since $69 Billion Deal Announcement
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The FTC-Microsoft lawsuit has been one of the major headlines in the industry for quite some time. Since Microsoft‘s deal to take over Activision Blizzard hit the headlines, rumors speculated about the changing scenario of the gaming industry. Following this $69 billion deal, gamers received exciting news. CEO of Microsoft Gaming, Phil Spencer, has confirmed future versions of Call of Duty will be available on PlayStation 5.
The FTC-Microsoft lawsuit is important for many reasons apart from CoD. It brought some serious rumors about Sony‘s attempt to secure a ruling position in the market. Amid the speculation, fans confirmed the mind-blowing stock prices of Activision Blizzard.
Activision Blizzard’s success on the deal with Microsoft
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Amid Sony-Microsoft rivalry, we are confirmed that Sony completely disapproved of Microsoft’s deal on buying Activision Blizzard with a heck load amount. It primarily concerned the availability of Call of Duty, considering the game’s popularity. Sony believed CoD becoming an Xbox exclusive could have a serious impact on their fan base. Speaking to The Wall Street Journal, Sony seemed tensed about Microsoft’s intention behind the multi-platform access of Activision’s games.
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Recently, a secure source posted the news on Twitter about Activision’s soaring high stock prices as they proceeded to enter the $69 billion deal with Microsoft- “Activision Blizzard stock has now soared to the highest price its been since the announcement of the Microsoft acquisition.”
Activision Blizzard stock has now soared to the highest price its been since the announcement of the Microsoft acquisition
Investment community getting very confident this deal closes soon pic.twitter.com/vKuPe4RLQb
— Benji-Sales (@BenjiSales) July 11, 2023
Fans expect a revolutionary change
Since the Twitter post was published, Call of Duty fans seem to believe that it means the deal’s a success- “It’s pretty much a done deal they just need to wait till after the 14th and they can close it even if they don’t come to an agreement with the CMA by then.”
It's pretty much a done deal they just need to wait till after the 14th and they can close it even if they don't come to an agreement with the CMA by then
— Neil 🏴🇬🇧 (@NeilR1997) July 11, 2023
Some fans commented on how the prices of a lot of gaming stocks went up.
A lot of gaming stocks are up as well.
EA shot up about 5% too. Now their games on Playstation will have a bigger space.
— BanderSN (@JoesBeets) July 11, 2023
Many followers congratulated the source on posting this incredible news for fans.
nice to see you tweeting again benji! 💪
— Jose (@joselovegym) July 11, 2023
Fans were spotted speaking about the other gaming stocks that increased by an astounding number. In this scenario, they discussed EA’s stock increasing to $70 billion- “It was already announced, that’s why it jumped to $70bn. That was the price MSFT was going to pay, so that Mkt Cap had to get to around 70bn $.”
It was already announced, that's why it jumped to $70bn. That was the price MSFT was going to pay, so that Mkt Cap had to get to around 70bn $
— Shkeeky (@shkeeky) July 11, 2023
The Rejected Offer – Jim Ryan’s Counter-Proposal To Phil Spencer in The Microsoft-Activision Blizzard Acquisition
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Overall, people approved of the deal- “Happy I bought in when I did.”
Happy I bought in when I did
— Sam Wymer (@sjwymerz) July 11, 2023
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Microsoft’s deal to take over Activision Blizzard might be successful. With Microsoft’s promise to ship Call of Duty on PlayStation5, fans seemed much more satisfied with the deal. What do you think? Let us know.
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