Market rout throws off math for open deals

Activision Blizzard agreed to sell itself to Microsoft on Jan. 18 for $95 per share in a $69 billion all-cash deal. Shares in the video-game publisher have persistently traded below the deal price, partly reflecting the risk that U.S. antitrust authorities will not approve the transaction. The gap between Activision’s trading price and the deal price has widened, from as little as 8.5% on the day of the deal’s announcement to around 17% on May 17.

Since the two companies agreed to a deal, the MVIS Global Video Gaming & eSports Index is down almost 19%. Tesla Chief Executive Elon Musk reached an agreement to acquire Twitter on April 25 for $54.20 a share, in a deal that values the social network at $44 billion. The billionaire has since expressed doubt about Twitter’s business, saying that the deal is on hold until the number of bots on the service can be independently verified.FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk grimaces after arriving on the red carpet for the Axel Springer award in Berlin, Germany, December 1, 2020.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk on housing market bubble: 'They dug their own graves'Tesla CEO Elon Musk recently added the housing market into the mix of his Twitter commentary.
Source: KSLcom - 🏆 549. / 51 Read more »

Unlike Walmart and Target, these stocks tend to do well when inflation is highWhen rising costs crimp corporate profits and curb consumer demand, some stocks have a record of performing well during periods of rapid inflation.
Source: CNBC - 🏆 12. / 72 Read more »

Baby Formula Shortage Reveals Corporate Monopolies’ Grip on MarketAn overhaul to the system where the government subsidizes only a few formula brands can help combat the monopolization that has caused this crisis.
Source: truthout - 🏆 69. / 68 Read more »

Texas’ energy pipelines are creating an unfair marketWhen the lights went out across Texas last year, a lot of people and businesses lost money. But one group of companies profited: pipelines. All consumers are...
Source: dallasnews - 🏆 18. / 71 Read more »

Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10% – Market Updates Bitcoin NewsGlobal crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. AVAX looks bullish on BFX now. I bought a little today.
Source: BTCTN - 🏆 531. / 51 Read more »

Here's what just happened that triggers stock market drops 71% of the time, warns Credit SuisseHere’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Source: MarketWatch - 🏆 3. / 97 Read more »