Investors fret that Microsoft's $69-billion Activision deal will fail

shareholders approve a US$69-billion sale to Microsoft on Thursday, Wall Street is betting that Biden antitrust enforcers could unravel one of the largest mergers in US history.

The merger, which has until June 2023 to close, would make Microsoft the world’s third largest gaming company Fears of a legal challenge are well-founded, based on Khan’s statements opposing growth via acquisitions by big tech platforms, said Jennifer Rie, an antitrust analyst with Bloomberg Intelligence. Plus, it’s likely the FTC will have a Democratic majority by the time a decision has to be made, alleviating a stalemate that may have caused inaction on the Amazon-MGM merger, Rie said.

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