Microsoft Stock Goes Up Following Court Win Over FTC

A while ago Microsoft announced its intent to acquire Activision Blizzard. Ever since that announcement this deal has been surrounded by controversy. But recently when Microsoft finally crossed a crucial hurdle in attempt to acquire the company, its stock rose to the highest point since the announcement of this deal. [{ "selector": ".jgzlx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-583px)", "opacity": "85%"}, {"offset": 1, "transform": "translateY(0)", "opacity": "85%"} ] }, { "selector": ".kkctl-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 11px))", "opacity": "85%"}, {"offset": 1, "transform": "translateX(0)", "opacity": "85%"} ] }, { "selector": ".mtpkr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-41px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".iacqb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 23px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

the announcement

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A while ago Microsoft announced the details of this 69-billion-dollar deal. It claimed their intention was to increase the exclusive library for its Xbox Consoles.

There were several opposers

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Instantly after the announcement, the deal saw heavy opposition. Especially from competitior Sony. They claimed its anti-competition for this deal to go through.

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regulatory boards followed

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UK's CMA and USA's FTC decided to sue Microsoft in order to attempt and block this deal for good. Things were looking gloomy for Microsoft then.

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But Microsoft seems to be winning!

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But recently Microsoft caught speed and won the case against FTC. And things seem to be improving against CMA too. This has led their stock rise highest since the announcement of this acquisition.

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