Microsoft (NASDAQ: MSFT) is looking to offer concessions to regulators over its proposed acquisition of Activision Blizzard (NASDAQ: ATVI). Microsoft has been working with regulators to address their concerns about the buy creating an anti-competitive environment.
One of the concerns that Microsoft is trying to address is the availability of Activision’s Call of Duty game. Currently, Activision develops the game and licenses it out to Xbox and Playstation. The regulators worry that it Microsoft buys Activision, they could make it exclusive to Xbox only.
Microsoft addressed these fears by saying it will continue making the game available to both Xbox and PlayStation. Moreover, MSFT will release the game to both consoles on the same day, instead of giving Xbox an unfair advantage by releasing it to them earlier.
Is Microsoft Stock a Buy, Sell, or Hold?
Microsoft stock has a Strong Buy consensus rating based on 25 Buys and three Holds assigned in the past three months. The average Microsoft stock price target of $292.58 implies almost 21% upside potential.