Is Diablo IV Causing a Resurgence in Activision Blizzard Stock?
Key Points Diablo IV is the fastest-selling game in Blizzard’s history, surpassing $666 million in sales during the first five days of release.Microsoft offered to acquire Activision Blizzard in an all-cash deal at $95 per share, valuing it at $68.7 billion.The European Commission (EC) approved the takeover on May 15, 2023.The U.S. Federal Trade Commission (FTC) has sued to block the transaction causing the deal to continue pending regulatory approval. A hearing is scheduled in late June 2023, and a ruling is expected in July 2023.The merger has July 18, 2023, termination date and a $3 billion...