{"id":35316,"date":"2023-07-13T18:38:13","date_gmt":"2023-07-13T22:38:13","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/nasdaq-pulls-activision-from-index-due-to-microsoft-deal-did-it-jump-the-gun\/"},"modified":"2023-07-13T18:38:17","modified_gmt":"2023-07-13T22:38:17","slug":"nasdaq-pulls-activision-from-index-due-to-microsoft-deal-did-it-jump-the-gun","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35316","title":{"rendered":"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun?"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

There remains some ongoing uncertainty about when\u2014and if\u2014
\n Microsoft
\n will complete its pending $69 billion acquisition of the videogame giant
\n Activision Blizzard.<\/span>
\n But the team that managed the Nasdaq 100 stock index isn\u2019t waiting around for the story\u2019s final chapter.<\/p>\n

Late Wednesday\u20149:46 p.m. Eastern time, to be precise\u2014NASDAQ announced that Activision (ticker: ATVI) will be removed from its Nasdaq 100 stock index before the market opening on Monday July 17, replacing it with the digital ad firm
\n The Trade Desk
\n (TTD).<\/p>\n

\n

The Nasdaq call here seems a wee bit premature. This week, U.S. District Judge Jaqueline Scott Corley denied a request from the Federal Trade Commission to block the deal. In her ruling, Judge Scott wrote that the FTC \u201chas not shown it is likely to succeed\u201d on its assertion that Microsoft will pull Activision\u2019s popular Call of Duty<\/em> games from Sony PlayStation, \u201cor that its ownership of Activision content will substantially lessen competition in the videogame library subscription and cloud gaming markets.\u201d<\/p>\n

The FTC on Thursday filed an appeal with the Ninth Circuit Court of Appeals in San Francisco to overturn the lower court order. <\/p>\n

\u201cIf a preliminary injunction is not granted, Microsoft and Activision can begin to share confidential business information and long-term strategic planning information and can begin to make plans for exclusivity of Activision content,\u201d the FTC said in its court filing.<\/p>\n

Microsoft\u2019s agreement to acquire Activision expires on Tuesday, July 18.<\/p>\n

Nasdaq\u2019s decision to make a change in the index apparently reflects Nasdaq\u2019s attempt to follow its own guidelines for how the index is constructed. The guidelines state that \u201cin the case of mergers and acquisitions, the effective date for the removal of an index issuer or security will be largely event-based, with the goal to remove the issuer or security as soon as completion of the acquisition or merger has been deemed highly probable.\u201d It seems likely that the group making decision used the July 18 expiration date as a probable closure date, and so set the July 17 target for index removal.<\/p>\n

But traders apparently continue to see some risk that the deal is delayed or otherwise disrupted. Activision shares closed Thursday at $89.54, $5.46 below the $95 target price, a potential 6% return, which would be a strong return if the deal really closes early next week.<\/p>\n

Write to Eric J. Savitz at eric.savitz@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There remains some ongoing uncertainty about when\u2014and if\u2014 Microsoft will complete its pending $69 billion acquisition of the videogame giant Activision Blizzard. But the team that managed the Nasdaq 100 stock index isn\u2019t waiting around for the story\u2019s final chapter. Late Wednesday\u20149:46 p.m. Eastern time, to be precise\u2014NASDAQ announced that Activision (ticker: ATVI) will be […]<\/p>\n","protected":false},"author":1,"featured_media":35317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-35316","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nNasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"There remains some ongoing uncertainty about when\u2014and if\u2014 Microsoft will complete its pending $69 billion acquisition of the videogame giant Activision\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=35316\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"There remains some ongoing uncertainty about when\u2014and if\u2014 Microsoft will complete its pending $69 billion acquisition of the videogame giant Activision\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=35316\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-13T22:38:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-13T22:38:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689287894_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=35316#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=35316\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun?\",\"datePublished\":\"2023-07-13T22:38:13+00:00\",\"dateModified\":\"2023-07-13T22:38:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=35316\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=35316#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=35316\",\"url\":\"https:\/\/ifintechworld.com\/?p=35316\",\"name\":\"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-13T22:38:13+00:00\",\"dateModified\":\"2023-07-13T22:38:17+00:00\",\"description\":\"There remains some ongoing uncertainty about when\u2014and if\u2014 Microsoft will complete its pending $69 billion acquisition of the videogame giant Activision\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=35316#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=35316\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=35316#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun? | iFintechWorld","description":"There remains some ongoing uncertainty about when\u2014and if\u2014 Microsoft will complete its pending $69 billion acquisition of the videogame giant Activision","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=35316","og_locale":"en_US","og_type":"article","og_title":"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun? | iFintechWorld","og_description":"There remains some ongoing uncertainty about when\u2014and if\u2014 Microsoft will complete its pending $69 billion acquisition of the videogame giant Activision","og_url":"https:\/\/ifintechworld.com\/?p=35316","og_site_name":"iFintechWorld","article_published_time":"2023-07-13T22:38:13+00:00","article_modified_time":"2023-07-13T22:38:17+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689287894_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=35316#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=35316"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun?","datePublished":"2023-07-13T22:38:13+00:00","dateModified":"2023-07-13T22:38:17+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=35316"},"wordCount":413,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=35316#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=35316","url":"https:\/\/ifintechworld.com\/?p=35316","name":"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-13T22:38:13+00:00","dateModified":"2023-07-13T22:38:17+00:00","description":"There remains some ongoing uncertainty about when\u2014and if\u2014 Microsoft will complete its pending $69 billion acquisition of the videogame giant Activision","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=35316#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=35316"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=35316#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Nasdaq Pulls Activision From Index Due to Microsoft Deal. Did It Jump the Gun?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/35316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35316"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/35316\/revisions"}],"predecessor-version":[{"id":35318,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/35316\/revisions\/35318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/35317"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}