Microsoft-Activision Deal Set to Clear Final Hurdle, Plus iPhone 15 Launches Worldwide 9/22/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 22 September 2023
⏱️ 9 minutes
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| 0:00.0 | Microsoft main time closing in on its acquisition of Activision after |
| 0:03.3 | U.K regulators signaled approval of that deal. Our dear |
| 0:06.7 | Bosa breaks that down for today's tech check. Morning day. |
| 0:09.7 | Hey good morning Carl. So as Microsoft does get one step closer |
| 0:13.5 | to completing that deal, I wanted to step back |
| 0:16.3 | and take a look at what this really means |
| 0:17.8 | for the regulatory landscape and M&A activity |
| 0:19.9 | going forward. |
| 0:20.9 | Now you can track sentiment, that skepticism and optimism around this |
| 0:24.7 | deal by simply looking at Activision Blizzard's stock price. In January 2022, the beginning of |
| 0:30.1 | that chart, Microsoft announced its intent to buy the company for 95 bucks a share. |
| 0:34.0 | The stock did pop but it didn't even hit $87. |
| 0:37.0 | So falling short of that mark. |
| 0:38.0 | For the next year it would bump along around those levels, |
| 0:41.0 | never really breaking $90 a share and that really underpin |
| 0:43.7 | the skepticism that the deal would actually get through regulators. It wasn't |
| 0:47.3 | until July of this year as Microsoft won a key ruling in the FTC's attempt to |
| 0:51.9 | stop the deal that it broke that level, and today with |
| 0:54.8 | the UK regulator's signaling approval, it is finally within a dollar or so that $95 deal price. |
| 1:01.7 | With that final approval, Microsoft Activision, this is the bigger |
| 1:05.3 | picture here, it will become an example of how a company can successfully ride |
| 1:09.9 | out the stricter regulatory scrutiny of the Biden administration. |
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