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Microsoft's Earnings Beat, Alphabet Shares Rising, and a New Warning for Markets 04/26/23

Morning Call

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Microsoft's Bid for Activision Blizzard Could Go Ahead

UK competition court expected to give final ruling on Microsoft's nearly $70 billion bid for Activision Blizzard. The initial investigation alleged that this deal would actually suppress competition in the console and cloud gaming market. Last month they did soften their stance on this deal, but still haven't made a decision on whether this would reduce competition in those markets.

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