BREAKING: Microsoft has won a US court nod to buy Activision, in a loss for the FTC

Microsoft Corporation has received court approval to proceed with its acquisition of Activision Blizzard Inc., valued at $69 billion. This decision comes after the US Federal Trade Commission's attempt to block the largest-ever gaming deal was defeated.

Judge Jacqueline Scott Corley's ruling in San Francisco allows Microsoft to finalize the merger with Activision before the July 18 deadline in all regions except the United Kingdom, where the deal was vetoed in May.

Microsoft's motivation for acquiring Activision is to expand its presence in the mobile gaming sector, an area where it currently has minimal influence. Activision owns King, the renowned developer of Candy Crush. Microsoft expects that this combination will propel it to the third position among global video game companies, trailing behind China's Tencent Holdings Ltd., the publisher of League of Legends, and its game console competitor, Sony Corp.

Following the announcement, Activision's stock surged by as much as 6% and was trading at a 4.4% increase, reaching $86.31 at 11:08 a.m. in New York. Conversely, Microsoft's stock experienced a minor decrease of less than 1%, settling at $330.06.

Microsoft President Brad Smith expressed gratitude to the San Francisco court for its swift and comprehensive decision, hoping that other jurisdictions would also work towards a timely resolution. Smith emphasized Microsoft's commitment to addressing regulatory concerns in a creative and collaborative manner throughout the entire process.

Activision highlighted that the merger would benefit both consumers and employees. Activision CEO Bobby Kotick stated that the deal would promote competition instead of allowing dominant market leaders to continue their control over the rapidly growing industry.

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.