Activision gains as report downplays Politico item on potential FTC Microsoft challenge
Rich Polk


Activision (NASDAQ:ATVI) quickly rose 1% after CNBC's David Faber appeared to throw some cold water on a Politico report from last Wednesday that the Federal Trade Commission is likely to file an antitrust lawsuit
to block the $95/share Activision sale to Microsoft (NASDAQ:MSFT).

"I don't necessarily directional believe that story from Politico is correct from last week," Faber said on the business network. "I don't have any reporting that I would go out strong with, but this is a situation that continues to bear watching. And those who believe that there's an extraordinarily high likelihood that it's going to get blocked, let's give it a little more time."
Faber's comment comes after Wedbush added Activision to its Best Ideas List, saying it's highly likely that the deal with Microsoft is completed within the next six months.