Microsoft has moved closer to securing its $75bn purchase of Activision Blizzard after a US federal judge rejected the Federal Trade Commission’s attempt to halt the deal and the UK’s competition watchdog signalled it was open to discussing a merger it had previously rejected.
Shares in Activision, the group behind video games including Call of Duty, were up more than 11 per cent at $92 in lunchtime trading in New York, their closest to the $95 per share offer price since Microsoft announced its bid in January 2022.
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