"We expect that Microsoft will continue to fight this," Evercore ISI analyst Kirk Materne said in a note.
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration Europe will decide on the Activision deal by May 22. The U.S. Federal Trade Commission is also seeking to block it.The surprise ruling comes after the CMA last month dropped its concerns about the impact of the deal on the console market led by Sony's market-leading PlayStation.
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