Activision Blizzard pops as UK regulator narrows inquiry scope on Microsoft merger
Activision Blizzard (NASDAQ:ATVI) shares surged nearly 8% in premarket trading on Friday after the U.K.'s antitrust regulator “provisionally concluded” that the proposed deal would not reduce competition in the console gaming market.
“The [Competition and Markets Authority] has provisionally concluded that the anticipated acquisition by Microsoft Corporation of Activision Blizzard, Inc. will not result in a substantial lessening of competition in relation to console gaming in the UK,” the agency wrote in a statement.
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