The Premarket: Microsoft, Activision Blizzard, Scholastic Corp, Flux … – Proactive Investors USA
Microsoft Corporation (NASDAQ:MSFT) stock rose 0.4% in Friday premarket trading after revised terms for the US$69 billion takeover of Activision Blizzard Inc (NASDAQ:ATVI) were provisionally accepted by the UK competition watchdog.
The Competition and Markets Authority (CMA) said it still had “limited residual concerns with the new deal”, but Microsoft has come back with some new remedies that it accepts “should” address these residual concerns, though this is just its provisional conclusion.
Activision Blizzard’s shares gained 1.8% ahead of the opening bell.
Scholastic Corporation (NASDAQ:SCHL) shares tumbled more than 16% in premarket trading as the children’s publishing, education and media company reported a drop in revenue and a growing loss for the first quarter of fiscal 2024 when compared to the same period last year.
For the quarter ended August 31, 2023, it reported revenue of $228.5 million, down 13% from $262.9 million in the year-ago quarter. This also failed to meet…
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source: https://news.oneseocompany.com/2023/09/22/the-premarket-microsoft-activision-blizzard-scholastic-corp-flux-proactive-investors-usa_2023092250475.html
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