Activision is on a roll amid doubts over the completion of its merger with Microsoft, as the company sold approximately 3.7 million of its shares to the global investment bank.
Seekingalpha was the first to attach this news, the global investment bank buys 3.7 million A share of Activision stock at a price 72,25$ For just one share, this means that the amount paid to buy this huge amount of company shares is equal to 268 million US dollars.
This indicates that investors are completely confident that Microsoft's acquisition of the company will be completed, that is, it appears that the global investment bank has sources who have assured it that the success of the process is guaranteed before the final results are announced.
Only one official body has given the green light to complete the merger of the two companies, which is the Brazilian organization, but there are still other global government bodies that must give their approval until the deal is completed completely and officially, such as the Commission and also the British, as well as the US Federal Trade Commission.
Sony recently set social media sites ablaze as it rejected the deal and still categorically rejects it because of the harm it could cause to it and its fan base. Just Xbox.
In any case, our date with the repercussions of this deal will be renewed on November 8th next, as many official authorities will announce their final decision on the deal and whether it will need to enter a new phase or not. What are your expectations..!
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