Activision Blizzard, Inc. (ATVI)

Microsoft-Activision Spread Hits Lowest Since Merger Announced

(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