Activision ticks higher on report revised Microsoft deal will avoid European review
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Activision (NASDAQ:ATVI) quickly ticked up 0.1% amid a report that its planned $69 billion sale to Microsoft (NASDAQ:MSFT) will avoid another European review.
The European Commission decided that changes Microsoft (MSFT) made to appease regulators in the United Kingdom won't require the deal to go through another review in Europe, according to a Bloomberg report on Wednesday, which cited people familiar with the matter.
The news likely means that Microsoft (MSFT) can close the deal after the UK's Competition and Markets Authority gives final approval for the transaction in the coming days. The UK regulator has an Oct. 18 deadline for its review.
The Verge on Friday reported that Microsoft (MSFT) is eyeing this Friday for the closing date for its planned $69 billion acquisition of videogame giant Activision (ATVI).

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