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Activision (ATVI) rose 1.7% amid a report that an appeal hearing in the UK over its antitrust regulators block of the $69 billion Microsoft (MSFT) deal is going fairly well.
Competition Appeal Tribunal Justice Marcus Smith set the trial to start on July 24 and it could last 10 days, though will likely be less, likely 6 days, according to a livestream of UK hearing on Tuesday.
The judge appears to be moving the case along quicker to trial than many expected, and some things he said as far as the Competition and Markets Authority may be viewed positively for Microsoft (MSFT), according to CNBC's David Faber.
Microsoft (MSFT) asked for a July 17 date for a four-day hearing, according to a Bloomberg account of the hearing. The CMA argued the date would be too soon and asked for a late-September or October hearing.
Activision Gains Amid UK Appeal Hearing on Microsoft Deal Block (NASDAQ:ATVI) | Seeking Alpha
Last edited by Ryuu96 - on 30 May 2023
