Activision Blizzard Stock Plunges

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WSJ





 Update:

Activision Blizzard Stock Plunges After U.K. Watchdog Blocks Microsoft Acquisition


Microsoft’s proposed $75 billion deal to acquire Activision Blizzard is in trouble, and the videogame developer’s stock is reeling


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Activision shares were down nearly 12% in recent premarket trading Wednesday, after the U.K's antitrust watchdog rejected the planned acquisition. Activision develops popular videogames like the "Call of Duty" series.

Activision’s stock price is now reflecting serious doubts that the deal will happen. The stock was recently trading at $76.53, or nearly 20% below Microsoft’s all-cash offer of $95 per share.

Microsoft was up 7% in early trading, after the software giant reported earnings on Tuesday afternoon.

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