Activision Stock Slips Lower As UK Watchdog Expands Probe Into $69 Billion Microsoft Takeover

Competition and Markets Authority said the deal ‘may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom’ The U.S. Federal Trade Commission is also reviewing the deal, which would value the ‘World of Warcraft’ and ‘Call of Duty’ maker at $95 per share. Microsoft is seeking approvals in at least 17 different jurisdictions before the deal can be closed sometime next year. Activision shares were marked 0.23% lower in pre-market trading to indicate an opening bell price of $76.42 each. Microsoft shares slipped 0.36% lower to $251.30 each. Warren Buffett’s Berkshire Hathaway BRK.A investment group has continued to boost its stake in Activision, however, even amid the ongoing regulatory concerns. . . .