Activision Blizzard: Wedbush confident despite stalled buyou

(CercleFinance.com) - Wedbush maintains its Outperform rating on the video games stock, along with its $95 target price.


On Thursday, the Federal Trade Commission (FTC) issued a statement detailing its intention to block the proposed acquisition of Activision Blizzard by Microsoft.

According to the FTC, Microsoft's acquisition of Activision Blizzard would enable Microsoft to harm competition by denying or harming its rivals' access to its flagship games.

While Wedbush agrees with the FTC's assessment, analysts note that nothing in the statute or the FTC's statement suggests that Microsoft should reconsider making its future Bethesda titles exclusive.



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