Fears of blocking the completion of Microsoft’s largest technology deal contributed to the decline in Activision Blizzard shares, by 4.1% to $73.47, which is scheduled to be acquired by the American technology giant at a price of $95 per share, in a deal worth $69 billion that it will pay. Microsoft in return for the acquisition of the video game industry giant. Investors are increasingly concerned that US antitrust regulators will prevent the deal from being completed.
Expectations indicate that the US Federal Trade Commission will decide to block the deal after it filed a lawsuit, revealing the reports of Activision’s lawyers, which confirm the monopoly process, which the commission rejects despite Microsoft’s defense.
Upon completion of the acquisition, Activision Blizzard will be responsible by Microsoft Gaming President Spencer. The deal, during its completion, could help Microsoft expand the range of games it provides to users of the gaming device produced by the Xbox, and improve its ability to compete with the PlayStation device produced by Sony Corp. of Japan.
Find out about Activision, which is scheduled to be sold at 69 billion
Historically, many may not know who is Activision in which Microsoft will pay this huge amount, as the name dates back to October 1979, when the company was founded in Sunnyvale, California by a group of former Atari game designers who were upset with the treatment at Atari. This made it the first third-party independent game development studio.
Even non-gamers may recognize some of the brands owned by Activision Blizzard. These include Call of Duty, Spyro/Skylanders and Guitar Hero under the Activision Studios brand, and Overwatch, Hearthstone, Diablo, StarCraft and World of Warcraft under the Blizzard Entertainment brand.” The King mobile game console also includes the Candy Crush Saga mobile game brand. The company’s brands have been breaking revenue over the years with a solid track record of releases.
The date Activision stock was listed on the Nasdaq Stock Exchange
Activision Blizzard is traded on the Nasdaq stock exchange, and has been part of the Standard & Poor’s index since 2015, and was first listed in 1993 at $ 1.25 a share, but the shares remained relatively stable for seven years before they began to rise at the beginning of 2001. And it continued The shares continued to rise over the next 18 months, finally reaching a June 2002 high of $4.38 a share. Then the stocks fell, losing more than 50% over the next 10 months.
Activision stock rose more than 400% from April 2003 through September 2005, from $1.62 to $8.65 a share by September 2005. The stock spent the next 10 months consolidating, around $5.23 a share through July 2006. The stock fell more than 60% over the course of the year. The next six months and lows were in January 2009 ($8.14), then the shares rose modestly, reclaiming the $10 level shortly thereafter, but then spent the next four years trading in the $11-13 range mostly where they didn’t There was no catalyst to drive a recovery for Activision shares.
And now mention reports that the US Federal Trade Commission (FTC) is considering the possibility of filing an antitrust lawsuit to prevent Microsoft from acquiring Activision. As part of the efforts of the current chair of the committee, Lina Khan, to fight monopoly in the technology market.
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Source: “The Week”