News Formal

STOCK MARKET UPDATES: UK blocks Microsoft Activision deal, First Republic shares sink, Nasdaq leads

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Microsoft-Activision $69 billion deal is blocked by the UK, the Nasdaq rallies helped by tech earnings ahead of eBay, Amazon and Meta. First Republic fights for survival and the debt ceiling fight intensifies on Capitol Hill. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Microsoft's $69 billion deal to purchase Activision was blocked by the UK's Competition and Markets Authority citing anticompetitive concerns. Still, the software-giant is vowing to complete the deal.

“We remain fully committed to this acquisition and will appeal,” President Brad Smith said in a statement reported by the. He said the watchdog's decision “rejects a pragmatic path to address competition concerns" and discourages tech innovation and investment in the United Kingdom.“We’re especially disappointed that after lengthy deliberations, this decision appears to reflect a flawed understanding of this market and the way the relevant cloud technology actually works,” Smith said.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 458. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks making the biggest moves premarket: Activision Blizzard, Chipotle, First Republic Bank & moreFirst Republic Bank shares dropped, fueling its potential to again weigh on the broader banking sector. Other regional bank stocks rose before the bell.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

UK To Block Microsoft's Activision Blizzard AcquisitionMicrosoft runs into its first major block against the ActivisionBlizzard merger as the UK's CMA will be blocked by week's end. Activision BlizzardEntertainment
Источник: bleedingcool - 🏆 20. / 69 Прочитайте больше »

Microsoft’s Activision Blizzard acquisition blocked by UK regulatorsMicrosoft says it will appeal the decision
Источник: verge - 🏆 94. / 67 Прочитайте больше »