MICROSOFT CORPORATION

(MSFT)
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Delayed Nasdaq  -  04:00 2022-08-12 pm EDT
291.91 USD   +1.70%
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UK watchdog investigates Microsoft's $68.7 billion Activision deal

07/06/2022 | 07:42am EDT

July 6 (Reuters) - Britain's antitrust watchdog said on Wednesday it had started an investigation into Microsoft Corp's $68.7 billion deal to buy "Call of Duty" maker Activision Blizzard Inc.

The Competition and Markets Authority (CMA) said it had until Sept. 1 to make its phase 1 decision on whether the deal between the U.S. technology company and video-game maker Activision would reduce competition in the United Kingdom.

"We're committed to answering questions from regulators and ultimately believe a thorough review will help the deal close with broad confidence, and that it will be positive for competition," Lisa Tanzi, corporate vice president and general counsel of Microsoft told Reuters in an emailed statement.

"We expect and think it's appropriate for regulators to take a close look at this acquisition," Tanzi said.

Activision did not immediately respond to requests for comment.

In the biggest gaming industry deal in history, Microsoft said in January it was buying Activision Blizzard. According to Refinitiv data, the Microsoft-Activision deal would be the largest all-cash acquisition on record.

The CMA's phase 1 investigation will either lead to the deal being cleared or will move to a more in-depth phase 2 review. (Reporting by Sinchita Mitra and Amna Karimi in Bengaluru; Editing by Vinay Dwivedi and David Clarke)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. 0.35% 80.79 Delayed Quote.21.43%
KINGDOM HOLDING COMPANY 1.06% 9.5 End-of-day quote.-5.94%
MICROSOFT CORPORATION 1.70% 291.91 Delayed Quote.-13.20%
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Financials (USD)
Sales 2023 220 B - -
Net income 2023 76 250 M - -
Net cash 2023 81 564 M - -
P/E ratio 2023 28,8x
Yield 2023 0,89%
Capitalization 2 177 B 2 177 B -
EV / Sales 2023 9,51x
EV / Sales 2024 8,14x
Nbr of Employees 221 000
Free-Float 99,6%
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Technical analysis trends MICROSOFT CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 48
Last Close Price 291,91 $
Average target price 333,71 $
Spread / Average Target 14,3%
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Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Hemma Prafullchandra CTO
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