{"id":73041,"date":"2023-10-16T02:20:23","date_gmt":"2023-10-16T06:20:23","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/microsoft-closed-its-activision-deal-these-stocks-stand-to-gain\/"},"modified":"2023-10-16T02:20:29","modified_gmt":"2023-10-16T06:20:29","slug":"microsoft-closed-its-activision-deal-these-stocks-stand-to-gain","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73041","title":{"rendered":"Microsoft Closed Its Activision Deal. These Stocks Stand to Gain."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n
<\/div>\n<\/figure><\/div>\n

\u00a0
\n Microsoft\u2019s
\n $69 billion acquisition of
\n Activision Blizzard
\n has taken from the board one of the few remaining large pure-play videogame publishers trading on the Nasdaq. The resulting scarcity is good news for shares of
\n Take-Two Interactive Software
\n and
\n Electronic Arts.<\/span>\n <\/p>\n

Due to its sheer size, Microsoft\u2019s Activision deal was viewed as a barometer for the global regulatory environment when it was announced in 2022. Microsoft faced a long, winding path and had to agreed to concessions on streaming rights to close history\u2019s largest tech deal.<\/p>\n

\n

But now that the deal has closed, Microsoft\u2019s success could embolden other big technology companies seeking a better foothold in videogames. The research firm Newzoo estimates that the global games market will generate $187.7 billion in 2023 revenue.<\/p>\n

For months, analysts have pointed to the Activision deal as a factor that cold boost videogame stocks broadly, because it leaves public equity investors with fewer options to bet on the industry. Further acquisitions, or expectations that they could happen, would boost valuations. Microsoft eventually adding Activision games to its Xbox Game Pass subscription service could also save gamers money, which could funnel spending to other games.<\/p>\n

Take-Two (ticker: TTWO) and Electronic Arts (EA) would be the most obvious targets for a big tech suitor. Take-Two owns franchises like Grand Theft Auto, Red Dead Redemption<\/em>, and NBA 2K<\/em>. EA\u2019s portfolio includes Madden NFL<\/em>, EA Sports FC<\/em> (the soccer game formerly branded FIFA), The Sims<\/em>, and Battlefield<\/em>. <\/p>\n

European game publishers that could garner M&A interest include
\n Ubisoft
\n (UBSFF), which publishes the Assassin\u2019s Creed<\/em> and Rainbow Six<\/em> franchises, and
\n CD Projekt,<\/span>
\n home of The Witcher<\/em> and Cyberpunk 2077<\/em> games. <\/p>\n

Though
\n Nintendo
\n (NTDOY) isn\u2019t likely to sell itself, Microsoft has pledged to bring Call of Duty<\/em> games to
\n Nintendo
\n platforms. The stock would also benefit if valuations across the industry were higher. <\/p>\n

In a note raising his Take-Two rating to Outperform from Market Perform on Wednesday, Raymond James analyst Andrew Marok wrote that he believes Take-Two will \u201ccarry with it a premium given ongoing interest from Big Tech\/Big Media companies in gaming deals (and precedent for deal approvals).\u201d<\/p>\n

Take-Two shares were flat in Friday trading, while EA shares were down 0.8%. Ubisoft rose 0.4%, while CD Projekt shares in Poland closed 0.3% higher.<\/p>\n

Write to Connor Smith at connor.smith@barrons.com<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

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

\u00a0 Microsoft\u2019s $69 billion acquisition of Activision Blizzard has taken from the board one of the few remaining large pure-play videogame publishers trading on the Nasdaq. The resulting scarcity is good news for shares of Take-Two Interactive Software and Electronic Arts. Due to its sheer size, Microsoft\u2019s Activision deal was viewed as a barometer for […]<\/p>\n","protected":false},"author":1,"featured_media":73042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-73041","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nMicrosoft Closed Its Activision Deal. 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