MSFT/ATVI Acquisition Approved, But Trouble Could Still Be On The Horizon

The E.U. has approved the Microsoft (MSFT) and Activision Blizzard (ATVI) merger. Alex Coffey and Jenny Horne discuss how the $75B acquisition has been approved. They talk about how MSFT is to give free licenses to ATVI games for 10 years. They also note that UK regulators have blocked the deal and the U.S. FTC has sued to block the deal. MSFT hit a 52-week high on May 10th. Alex then demonstrates an example trade using MSFT. The trade type is a sell put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.