Microsoft (MSFT.O) may be getting more than it bargained for in its $69 billion deal to buy Activision Blizzard (ATVI.O). Shares of the “Call of Duty” game publisher are trading more than 15% below the software giant’s cash offer of $95 per share - a bigger gap than is typical for such deals. That suggests investors foresee possible trouble ahead.
Business
Microsoft Acquires Activision, Becomes Third-Biggest Gaming Company
January 18, 2022