Tuesday 28 March 2023 The risk-reward potential owning Activision Blizzard shares at $85 per share, in anticipation of the closing of the Microsoft acquisition at $95, are no longer compelling. The EU’s competition authorities and the UK’s Competition and Markets Authority are due to provide their decisions on the merger on the 25th and 26thContinue reading “Why I’m selling out of ATVI”
Tag Archives: merger-arb
What are the key concerns the UK’s CMA is raising about the ATVI-MSFT merger?
Thursday 9 Feb 2023 In a statement released on Wed 8 February, the UK’s Competition and Market’s Authority provisionally concluded that: Microsoft’s proposed acquisition of Activision could result in higher prices, fewer choices, or less innovation for UK gamers. UK CMA Provisional Conclusion, 8 Feb 2023 A key concern was that the merger would makeContinue reading “What are the key concerns the UK’s CMA is raising about the ATVI-MSFT merger?”
Key risks to monitor in merger-arb investments
Thursday 2nd February 2023 I recently wrote up a buy thesis on Activision Blizzard highlighting the reasons why I thought Microsoft would likely close its acquisition of it by September. Microsoft (the acquirer) has said they would buy out all shares in Activision Blizzard (the target) using cash for $68.7bn, or $95 per share. IContinue reading “Key risks to monitor in merger-arb investments”
The Equity Analyst 