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Fortune
Fortune
David Meyer

Microsoft’s $69 billion Activision takeover is on life-support after regulators say no

(Credit: avid Ryder/Bloomberg via Getty Images)

Microsoft’s had a pretty wild ride over the last day.

Yesterday, the company’s quarterly results steamed past analyst estimates on the basis of strong cloud and productivity software growth. Microsoft also slightly beat Wall Street’s predictions regarding growth in its A.I. sales, revealing it already had more than 2,500 customers for its Azure-OpenAI tie-in. Oh, and Bing is booming, again thanks to the search engine's recent A.I.-ification. Microsoft shares soared over 8.3% in after-hours trading.

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