Activision Blizzard Inc. shares sinks further away from Microsoft Corp.’s proposed takeover price as investors grow concerned that the US antitrust regulators will block the $69 billion deal.
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The maker’s stock fell 4.1% to $73.47 this Friday, while Microsoft Corp is offering $95 a share for the company.
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The US Federal Trade Commission thinks of filing an antitrust lawsuit to block the sale after the market closed on Wednesday
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Glick said,"The market is pricing in roughly 40% odds of the deal successfully closing, based on the assumption that the stock would be trading at $60 should it fail".
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From the moment takeover deal was announced in January, the gap between Activision’s trading price and Microsoft’s all-cash bid has been increasing, driven by heightened antitrust scrutiny in the US and Europe.
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