A Microsoft (MSFT) spokesperson told Reuters’ Foo Yun Chee that the company will make a last-ditch effort to defend its proposed takeover of Activision Blizzard (ATVI) in front of EU and national antitrust officials at a closed hearing on February 21. The Xbox maker requested a hearing after receiving a statement of objections from the EU warning about the potential anti-competitive impacts of the transaction, the author says. The company is expected to offer remedies following the hearing, the author notes. Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MSFT:
- Activision Blizzard Stock (NASDAQ:ATVI): Wait Until Antitrust Probe is Resolved
- NVDA Surges after Analyst Praises AI Potential
- AMZN, MSFT: Competition Heats Up in the Cloud Space
- Microsoft Starts Rollout of ChatGPT for Desktop Users
- Microsoft’s (NASDAQ:MSFT) AI Prowess Could Distinguish It from Rivals