What you need to know
- Microsoft announced it would be acquiring Activision Blizzard King—the publishers behind gaming powerhouse franchises like Call of Duty, World of Warcraft, Diablo, and Candy Crush—in January of 2022.
- The deal has undergone significant legal scrutiny from regulatory bodies with 39 countries having approved the deal.
- The UK's CMA has been the only country to reject the acquisition.
- The FTC in the US filed for a preliminary injunction to stop the acquisition from closing, but it was denied. An appeal of the decision has been filed by the FTC.
- AInvest Wire shared on Twitter that Trade Desk will be replacing Activision ($ATVI) on the Nasdaq-100 on Monday July 17.
- The move by ABK to leave the Stock Exchange could be in preparation to close the ABK deal should the FTC's appeal fail to grant an injunction.
