These 2 Stocks Got a Boost After Microsofts Activision Win
Summary
The potential conclusion from the Microsoft (ticker: MSFT) ruling is that big technology and media companies won’t be blocked from acquiring videogame developers. Take-Two has arguably become a tougher buyout target since its own $12.7 billion purchase of mobile game developer Zynga last year. That’s made it a bigger company to potentially swallow and would require a buyer comfortable with a videogame portfolio including both big-name console brands and casual mobile games. Benchmark’s analysts cited Netflix (NFLX) and Google-parent Alphabet (GOOGL) as potential U.S. buyers of videogame companies alongside Amazon. China’s Tencent Holdings (0700.HK) is the world’s largest videogame company by revenue and was reported by Reuters last year to be setting its sights on greater overseas expansion as the Chinese market slows.