Microsoft Closes $69 Billion Takeover Of Activision, Impact on Price?
The post Microsoft Closes $69 Billion Takeover Of Activision, Impact on Price? appeared on BitcoinEthereumNews.com. Microsoft Corp. has completed the $69 Billion acquisition of Activision Blizzard, the maker of Call of Duty and other hit games, after overcoming regulatory and competitive hurdles. The deal closed on Friday after Microsoft cleared the last hurdle from the “UK’s Competition and markets authority”. The deal gives Microsoft a chance to compete with Sony’s PlayStation in the gaming market. Spencer, who has led Xbox since 2014, now faces the challenge of integrating the business and making the most of its assets. Activision Blizzard CEO Bobby Kotick, will step down at the end of the year and help with the transition. The $69 Billion deal is considered to be the largest acquisition by Microsoft to date. The last major acquisition of Microsoft was Linkedin which was acquired in June 2016 worth $26.2 Billion. Moreover, the company faced many challenges in the whole process from regulators around the world who feared that the deal would reduce competition. The regulators also attempted to stop tech companies like Google, Apple, Amazon, etc. for Antitrust Violations. Source: Yahoo Finance Impact Of Acquisition On Microsoft Stock Price. Moreover, the stock price did not experience any major impact despite the biggest acquisition by Microsoft. The MSFT stock price closed at $327.73 with an intraday loss of almost 1%. Currently, the stock price seems to be respecting an upper trendline resistance and nearing the 50-day EMA. The stock price might continue and decline more if the price follows the same trend. However, the stock price might show volatility in Monday’s session amid the acquisition news. The overall technical indicators including RSI and MACD opinion rating for the MSFT stock is a 32% “buy” with a weakening short-term outlook on maintaining the current trend. Conclusion Microsoft stock has closed the acquisition of Activision Blizzard, the maker of Call…
The post Microsoft Closes $69 Billion Takeover Of Activision, Impact on Price? appeared on BitcoinEthereumNews.com.
Microsoft Corp. has completed the $69 Billion acquisition of Activision Blizzard, the maker of Call of Duty and other hit games, after overcoming regulatory and competitive hurdles. The deal closed on Friday after Microsoft cleared the last hurdle from the “UK’s Competition and markets authority”. The deal gives Microsoft a chance to compete with Sony’s PlayStation in the gaming market. Spencer, who has led Xbox since 2014, now faces the challenge of integrating the business and making the most of its assets. Activision Blizzard CEO Bobby Kotick, will step down at the end of the year and help with the transition. The $69 Billion deal is considered to be the largest acquisition by Microsoft to date. The last major acquisition of Microsoft was Linkedin which was acquired in June 2016 worth $26.2 Billion. Moreover, the company faced many challenges in the whole process from regulators around the world who feared that the deal would reduce competition. The regulators also attempted to stop tech companies like Google, Apple, Amazon, etc. for Antitrust Violations. Source: Yahoo Finance Impact Of Acquisition On Microsoft Stock Price. Moreover, the stock price did not experience any major impact despite the biggest acquisition by Microsoft. The MSFT stock price closed at $327.73 with an intraday loss of almost 1%. Currently, the stock price seems to be respecting an upper trendline resistance and nearing the 50-day EMA. The stock price might continue and decline more if the price follows the same trend. However, the stock price might show volatility in Monday’s session amid the acquisition news. The overall technical indicators including RSI and MACD opinion rating for the MSFT stock is a 32% “buy” with a weakening short-term outlook on maintaining the current trend. Conclusion Microsoft stock has closed the acquisition of Activision Blizzard, the maker of Call…
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