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Microsoft’s Activision deal is making investors nervous as spread widens
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Microsoft ‘s ability to close its recently announced deal for Activision Blizzard is facing growing skepticism from investors. The deal spread — the difference between Microsoft’s $95-per-share offer price and Activision’s current price — has continued to widen this week.
On Wednesday, Activision shares fell for a sixth consecutive session, closing at $78.78 per share. That’s 17% below Microsoft’s offer price.
Microsoft’s...
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