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Ryuu96 on 06 April 2023
Microsoft (NASDAQ:MSFT) and Activision (NASDAQ:ATVI) expect the UK's antitrust regulator will issue its remedy working paper as part of its review of the $69 billion transaction next week.
The UK Competition and Markets Authority is likely to issue the remedy working paper by the end of next week, according to a Dealreporter item, which cited sources familiar.
The report comes after the UK regulator late last month "provisionally concluded" that the proposed deal would not reduce competition in the console gaming market, sending Activision shares up 6% on March 24, as investors became more confident that the UK regulator may allow the deal.
Activision/Microsoft Expect Remedy Working Paper From UK Agency Next Week | Seeking Alpha
