|Bid||84.75 x 800|
|Ask||84.88 x 800|
|Day's range||84.62 - 85.10|
|52-week range||70.94 - 85.72|
|Beta (5Y monthly)||0.42|
|PE ratio (TTM)||44.45|
|Earnings date||24 Apr 2023 - 28 Apr 2023|
|Forward dividend & yield||0.47 (0.56%)|
|Ex-dividend date||13 Apr 2022|
|1y target est||92.23|
For the past year, the video game industry has been intensely focused on one topic: Microsoft's (NASDAQ: MSFT) proposed buyout of Activision Blizzard (NASDAQ: ATVI) for $75 billion. With a current spread to the closing deal price of 12.4%, merger arbitrage investors are making bets that the deal will get approved sometime soon, with Microsoft expecting the decision to be finalized at some point this summer. A lot of analysts are spending their time trying to figure out whether government regulators will approve this deal.
In the latest trading session, Activision Blizzard, Inc (ATVI) closed at $84.33, marking a -0.07% move from the previous day.
(Bloomberg) -- The gap between Activision Blizzard’s stock price and Microsoft Corp.’s takeover offer is at its narrowest level since the $69 billion merger was announced in January 2022, as an update from UK regulators lifts expectations that the deal could go through. Most Read from BloombergBond Traders Go All-In on US Recession Bets That Defy Fed ViewGreenland Solves the Daylight Saving Time DebatePutin Ups the Ante With Nukes in BelarusValley National, First Citizens Said to Bid on Silicon