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Activision Blizzard will be delisted from Nasdaq to finalize its purchase by Microsoft
In preparation for being acquired by Microsoft, Activision Blizzard will be delisted from the Nasdaq stock exchange.
With that, as announced by Nasdaq (via yahoo), the company will be replaced by digital marketing agency The Trade Desk before the market reopens on Monday (17).
The move comes after the Federal Trade Commission (FTC) failed to block the acquisition ahead of an August administrative hearing on the merger.
The FTC filed an appeal on Wednesday (12) after the judgment that took place days ago gave a favorable verdict to Microsoft. This probably won’t change anything and is just trying to mess up the situation using US taxpayers’ money.
If the deal wasn’t completed before July 18, Microsoft would have to pay a $3 billion fee to Activision Blizzard and renegotiate the deal.
Via GI.biz
Activision Blizzard will be delisted from Nasdaq to finalize its purchase by Microsoft
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