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The Call @ Hedgeye | May 3, 2024

THURSDAY, JUNE 8, 2023 AT 12:30 pm ET

CLICK HERE for event details (video link, materials, and dial-in)

Microsoft continues to pursue its proposed $69 billion purchase of Activision Blizzard, a $95 per share cash offer.  Following approval of the MSFT-ATVI deal by EU regulators, focus has intensified on Microsoft's effort to overturn the UK regulator's decision to block the transaction based on competition concerns in the nascent cloud gaming market. 

Despite deferential judicial review standards in the UK, the upcoming appeal arguments and potential case outcome could shift momentum toward ultimate deal approval globally.  We will highlight the relevant near-term events, key decision timing and the probable scenarios.

  • Can Microsoft present a compelling case before the UK's Competition Appeal Tribunal?
  • Will geopolitical issues affect the UK outcome?
  • Can Microsoft close the deal even if UK approval is not obtained?
  • How will the FTC's case to block the merger be resolved?

We hope you will join us.