The shares of Activision Blizzard jumped by about 6% on Friday following the news the British competition watchdog softened its stance on the risk its merger with Microsoft might bring to the industry.
Earlier today, the United Kingdom's Competition and Markets Authority (CMA) confirmed that, after consulting with industry representatives, it no longer believes the takeover agreement would substantially reduce the competition in the gaming market.
Activision Blizzard's stocks soared 6.01% to $84.47 apiece at 10:25 am ET, hovering around the highest level since August 2022.
