Activision Blizzard and Microsoft shares rose amid rumors that the EU may approve the deal
Yesterday, Reuters, citing sources, reported that the European Commission may become the first major regulator to approve the sale of Activision Blizzard to Microsoft. After the release of this news, the shares of the companies rose in price.
By the time the exchange closed on March 2, Activision Blizzard’s stock price had risen by 2.63% to $77.71 apiece. Microsoft shares rose 1.97% to $251.11 apiece.
To date, the deal between Microsoft and Activision Blizzard has been supported by antitrust regulators of four countries: Brazil, Saudi Arabia, Chile and Serbia. However, the verdicts issued by the EU, US and UK agencies will be decisive for the companies.
