2 Reasons Activision Shareholders Shouldn't Be Quick to Sell Ahead of a Microsoft Deal
Microsoft's (NASDAQ: MSFT) proposal to buy top game publisher Activision Blizzard (NASDAQ: ATVI) is far from a done deal. On Tuesday, the software giant agreed to pay $68.7 billion, or $95 per share, in an all-cash deal to buy Activision.
However, Activision stock closed Tuesday's trading session at $82.31, which suggests market participants are placing 50/50 odds on the deal being approved by regulators. The deal is expected to close sometime in Microsoft's fiscal 2023 (which begins July 1, 2022).
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Source Fool.com
