A U.S. appeals court denied a Federal Trade Commission bid to pause Microsoft’s (MSFT) acquisition of Activision Blizzard (ATVI). Microsoft President Brad Smith said via Twitter, “We appreciate the Ninth Circuit’s swift response denying the FTC’s motion to further delay the Activision deal. This brings us another step closer to the finish line in this marathon of global regulatory reviews.” Shares of Activision are up 3% to $93.10 in after-hours trading.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ATVI:
- Microsoft says FTC’s ‘claimed emergency’ is ‘of its own creation,’ Verge reports
- Judge Corley denies FTC stay motion in Microsoft-Activision case, Verge says
- Microsoft (NASDAQ:MSFT), Activision Mulling Partial Sale of U.K. Cloud Gaming Rights
- Microsoft, Activision weigh selling some U.K. cloud-based rights, Bloomberg says
- Competition and Markets Authority extends Microsoft, Activision review