Microsoft CEO: Confident that Activision Blizzard deal will be approved


Microsoft CEO Satya Nadella says he’s confident the deal will eventually win regulatory approval, even as the company’s $69 billion takeover of Activision Blizzard faces in-depth scrutiny in the U.K. The forecast contrasts sharply with investor skepticism about the deal. While Activision shares rose on Thursday and outperformed tech stocks that tumbled on the day, at Wednesday’s closing price of $75.32, the stock was still more than 20% below Microsoft’s takeover offer — a sign of high skepticism about Microsoft whether the transaction can be completed.
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