U.K. Blocks MSFT Acquisition Of ATVI & ENPH Misses Revenue

U.K regulators block Microsoft (MSFT) acquisition of Activision Blizzard (ATVI). Caroline Woods discusses this as MSFT is to appeal the U.K. regulators ruling and remains committed to the ATVI deal. U.K. regulators cite MSFT's gaming advantages in the decision to block the ATVI deal. CMA says MSFT/ATVI deal would weaken competitive dynamics in cloud gaming. The U.S. Federal Trade Commission has also issued an administrative complaint against the merger. Caroline also goes over how Enphase Energy (ENPH) is down over 20% after missing revenue and lowering guidance. Tune in to find out more about the stock market today.