Citi, a financial services business, has increased the likelihood of Microsoft purchasing Activision Blizzard by 70%.
The Competition and Markets Authority (CMA) of the United Kingdom issued a new report last week, boosting the likelihood of a successful takeover.
The CMA has stated that the acquisition of Microsoft will have no bearing on the console business.
Following this news, Citi has increased its odds of success from 50% to 70%. It also increased its price target from $88 to $91 per share to reflect the probability of a successful close.
Jason Bazinet, an analyst, has also issued a buy recommendation for Activision Blizzard's stock.
= Partner & affiliate links: Some listed promotions may be accompanied by so-called affiliate links. With a purchase through one of these links, you support Xboxdynasty. Without affecting the price, we earn a small commission from the provider and may offer this website to you free of charge.