Stratasys To Engage In Discussions With 3D Systems – Merger Arbitrage Mondays

Key Highlights

• Microsoft (MSFT) overcomes the FTC’s opposition to its acquisition of Activision Blizzard (ATVI).
• Intercontinental Exchange (ICE) and Black Knight (BKI) decided to sell Black Knight’s Optimal Blue business to a subsidiary of Constellation Software.
• The UK gives provisional approval to Broadcom’s (AVGO) acquisition of VMware (VMW).

Activision Blizzard (ATVI) and Microsoft (MSFT)

Microsoft’s acquisition of Activision Blizzard saw significant developments last week. The Competition Appeal Tribunal in Britain “conditionally” suspended its challenge against the proposed ban on the deal, which was previously imposed by the UK’s Competition and Markets Authority (CMA). According to Bloomberg, the companies involved have no intention of abandoning the deal and will persist in pursuing the necessary final regulatory approvals for its completion.

Meanwhile, twenty-two Republican lawmakers urged the FTC to drop its opposition to the deal. Both companies are actively working to resolve remaining regulatory issues as the merger deadline approaches.

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