Activision Blizzard Inc. ATVI,
Shares fell in after-hours trading Wednesday following a report that the Federal Trade Commission likely filed an antitrust lawsuit to block Microsoft Corp.’s acquisition of the video game publisher MSFT,
Politico reported Wednesday that FTC staff are skeptical of the companies’ arguments that the $69 billion acquisition would not give Microsoft an unfair advantage in the video game market, although the commissioners have not yet voted on a lawsuit. . Microsoft manufactures the Xbox video game console, casting doubts that it would make some of Activision’s most popular games — such as the “Call of Duty” franchise — exclusive to its platform, excluding Sony Group Corp.’s rival 6758,
Play station. A Microsoft spokesperson told Politico that the company “is prepared to address the concerns of regulators, including the FTC, and Sony to ensure the deal closes in confidence.” Activision shares fell 4.5% in after-hours trading, while Microsoft shares rose slightly.
When it comes to stocks with the potential for a stock split, Mexican Grilled Chipotle (CMG -1.29%) is one that tops the list. At around $1,550 a share,...Read more