Activision Stock Jumps in Premarket on Reported Sale to Microsoft
January 18 2022 - 8:59AM
Dow Jones News
By Will Feuer
Shares of Activision Blizzard Inc. jumped more than 37% in
Tuesday premarket trading before being halted after The Wall Street
Journal reported that Microsoft Corp. is nearing a deal to buy the
video game maker for more than $50 billion.
Activision stock rose in premarket trading to $90 a share, up
37.6% from Friday's closing price of $65.39 a share. Microsoft
stock last traded 2.5% lower in premarket trading.
Activision has been embattled for months over allegations of
workplace misconduct. The stock fell more than 28% last year.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 18, 2022 08:44 ET (13:44 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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