Take-Two, Electronic Arts, Roblox, Ubisoft could be targets after Activision deal
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A successful completion of Microsoft's (MSFT) $69 billion acquisition of Activision (ATVI) may lead to further consolidation in the videogame industry, according to a Benchmark analyst. 
Take-Two Interactive (NASDAQ:TTWO), Electronic Arts (NASDAQ:EA), Roblox (NYSE:RBLX), and Ubisoft (OTCPK:UBSFY) could be potential takeover targets, Benchmark analyst Mike Hickey wrote in a note on Wednesday.
Potential buyers of the videogame makers include Amazon (AMZN), Tencent (OTCPK:TCEHY), Google (GOOGL), Netflix (NFLX), and Sony (SONY), according to Benchmark's Hickey. 
The note comes after a U.S. federal judge on Tuesday denied the Federal Trade Commission's request for a preliminary injunction to block the Activision (ATVI) $95 per share deal, paving the way for a potential deal to close by the July 18 termination deadline.
Hickey downgraded Activision (ATVI) to hold from buy on Wednesday in the wake of the judge's ruling as the videogame maker's shares exceed Benchmark's $90 price target.
"We believe the decision is a major victory for MSFT and should provide a path for them to complete the proposed deal," Hickey wrote. "We believe that MSFTâs successful acquisition of ATVI could provide a catalyst for further industry consolidation in the video game industry."
After Activision (ATVI) shares surged 10% on Tuesday in the wake of the FTC news and some positive developments in the UK, ATVI shares slipped 1% on Wednesday amid reports that the UK's antitrust authority may need to do a new probe of the Microsoft (NASDAQ:MSFT) deal if the companies' restructure their deal to appease the regulator.
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