It has been a long battle for Microsoft in its quest to purchase Activision Blizzard. When the acquisition was originally announced in January of 2022, it was quite a surprise. The sheer size of the acquisition immediately drew questions and concerns from all across the industry including many governing trading commissions. The FTC and CMA have both been an uphill battle for Microsoft, as some concessions had to be made to gain approval. However, it looks like finally, this deal is going to close very shortly perhaps even as early as tomorrow.
Activision Blizzard Stocks On Hold
Today, at 7:50 PM Activision Blizzard stock was halted on trading on the Nasdaq. Now there is a variety of reasons that a stock can go on hold in the market. However, there are codes often associated with a stock being put on hold or being temporarily paused. Activision Blizzard is currently under what’s classified as a T1 reason code. This code means that the stock is currently on hold due to “pending news”. It does not take a stock analyst to guess what this likely implies. Microsoft is likely closing its acquisition tomorrow.
This means that we could be in the final moments before Microsoft closes its acquisition of Activision Blizzard. After a year and a half of discussions, news, and rumors we will finally be clear of this industry-changing deal. Then we will really begin to see not only how Microsoft intends to harness Activision Blizzard into its first-party lineup. But also how Microsoft will begin to tackle the challenges that Activision Blizzard has been facing as a company. From heavily reported toxic and unsafe workplace environments, as well as growing calls to unionize. Microsoft has some challenging times ahead. They fought tooth and nail for this acquisition now it is almost time for them to get to work.
What do you think of this acquisition finally closing? Let us know in the comments and don’t forget to check back for the latest gaming news and information.