Microsoft (NASDAQ:MSFT) is potentially looking to lead a funding round of more than $100 million in Zupee, a play-to-earn gaming platform, according to TechCrunch.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The gaming platform operates a skill-based casual gaming model, has raised more than $120 million so far, and already crossed 70 million downloads in board games.
A final deal may or may not materialize and TechCrunch adds, a team within the tech giant has shown skepticism about the investment.
Separately, Brazilian regulators have given a green signal to Microsoft’s $69 billion Activision Blizzard (NASDAQ:ATVI) deal. A decision on the deal from the U.S. federal trade Commission is expected next month.
What Is a Good Price for MSFT Stock?
While MSFT stock is languishing dangerously close to its 52-week lows the Street remains Bullish with a Strong Buy consensus rating based on 27 Buys and three Holds.
Additionally, the average Microsoft price target of $323.88 indicates a 30.65% potential upside in the stock.
Read full Disclosure
