Wells Fargo tells investors in a research note that deal prospects for Activision Blizzard (ATVI) look “increasingly promising,” with a federal judge ruling in Microsoft’s (MSFT) favor and the CMA demonstrating a willingness to accept modest concessions. The firm made no change to its Overweight rating or $95 price target on Activision shares.
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Read More on ATVI:
- Activision (NASDAQ: ATVI) Slips as UK Regulator May Investigate the Microsoft-Activision Deal Again
- Activision Blizzard downgraded to Hold from Buy at Stifel
- Activision Blizzard downgraded to Market Perform at Raymond James
- Xbox boss tells staff focus on resolving CMA dispute, Verge reports
- Microsoft has offered ‘small divestiture’ to meet CMA deal objections, CNBC says
