Hedge funds that earn returns speculating on precarious acquisitions were handed a gift this week when Microsoft Corp agreed to buy"Call of Duty" maker Activision Blizzard for $68.7 billion in cash.
This infers a 57per cent chance of the deal closing, based on Activision's closing share price of $65.39 before the deal was announced. For some investors, Aon's scuttled $30 billion acquisition of Willis Towers Watson as the U.S. Justice Department sued to block the deal hurt returns.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Will Microsoft’s acquisition of Activision Blizzard finally bring scrutiny on the video game industry?The video game industry is bigger than the film and music industries combined – yet has faced far less scrutiny than major tech companies like Facebook and Google
Source: YahooSG - 🏆 3. / 71 Read more »
What Microsoft's Activision Blizzard acquisition could mean for gamesWe are definitely still reeling from the big news of Microsoft and Xbox potentially getting the acquisition of Activision Blizzard over the line. In fact, a cursory search on the Internet sees plenty of responses to the whole affair that are positive, negative, and everything in between. Needless to say, the ramifications are huge for the world of gaming, especially...
Source: asiaonecom - 🏆 10. / 59 Read more »