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ACTIVISION BLIZZARD, INC.

(ATVI)
  Report
Real-time Estimate Cboe BZX  -  12:48 2022-11-28 pm EST
74.76 USD   +1.75%
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EU antitrust regulators set Nov. 8 deadline for Microsoft, Activision decision

09/30/2022 | 12:03pm EST
FILE PHOTO: Illustration of Microsoft and Activision Blizzard logos

BRUSSELS (Reuters) - EU antitrust regulators will decide by Nov. 8 whether to clear Microsoft Corp's proposed $69 billion acquisition of "Call of Duty" maker Activision Blizzard, according to a European Commission filing on Friday.

The deal, the biggest in the gaming industry, will help the U.S. software company better compete with leaders Tencent and Sony.

The EU competition enforcer can clear the deal with or without remedies after its preliminary review, or it can open a four-month long investigation if it has serious concerns.

The Commission is likely to do the latter because of recent regulatory concerns over deals by Big Tech, sources familiar with the matter said.

"The European Commission's review of the deal is progressing in line with the expected regulatory schedule and process, and we remain confident that the acquisition will close in fiscal year 2023," a Microsoft spokesperson said.

Britain's antitrust watchdog earlier this month said it would open an in-depth investigation into the bid after Microsoft declined to offer concessions during its initial review.

(Reporting by Foo Yun Chee; Editing by Bill Berkrot)

By Foo Yun Chee


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. 1.52% 74.65 Delayed Quote.10.43%
MICROSOFT CORPORATION -1.83% 242.99 Delayed Quote.-26.41%
SONY GROUP CORPORATION -0.78% 11510 Delayed Quote.-19.86%
TENCENT HOLDINGS LIMITED -1.10% 270 Delayed Quote.-40.24%
All news about ACTIVISION BLIZZARD, INC.
12:02pExclusive-Microsoft likely to offer EU concessions soon in Activision deal - sources
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11:53aMicrosoft likely to offer eu remedies in coming weeks…
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11:17aActivision blizzard inc: morgan stanley upgrades rating to overw..
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10:24aActivision Blizzard Falls as US Antitrust Regulator Reportedly Likely to Block $69 Bill..
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08:04aTruist Securities Upgrades Activision Blizzard to Buy From Hold, Adjusts Price Target t..
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07:41aWells Fargo Upgrades Activision Blizzard to Overweight from Equalweight, Sets Price Tar..
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Analyst Recommendations on ACTIVISION BLIZZARD, INC.
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Financials (USD)
Sales 2022 8 117 M - -
Net income 2022 1 764 M - -
Net cash 2022 7 372 M - -
P/E ratio 2022 31,9x
Yield 2022 0,64%
Capitalization 57 499 M 57 499 M -
EV / Sales 2022 6,18x
EV / Sales 2023 5,03x
Nbr of Employees 9 800
Free-Float 64,1%
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Technical analysis trends ACTIVISION BLIZZARD, INC.
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 73,47 $
Average target price 91,96 $
Spread / Average Target 25,2%
EPS Revisions
Managers and Directors
Robert A. Kotick Chief Executive Officer & Director
Daniel I. Alegre President & Chief Operating Officer
Armin Zerza Chief Financial Officer
Brian G. Kelly Chairman
Jen Brewer Chief Ethics & Compliance Officer
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