Dow Stock News: Apple targeting Manchester United?  FTC Sees Difficult Microsoft-Activision Deal

Dow Stock News: Apple targeting Manchester United? FTC Sees Difficult Microsoft-Activision Deal

Apple (AAPL) would be interested in the British football giant Manchester United (MANUAL). Meanwhile, the Federal Trade Commission would challenge the plan Microsoft (MSFT) the acquisition of ActivisionBlizzard (ATVI).


Apple v Manchester United?

Apple could pay 5.8 billion pounds ($7 billion) for Manchester United, the Daily Star has reported. Tech titan Dow Jones has no experience owning a sports team, but CEO Tim Cook would have seen great opportunities in such a deal.

Apple+ streams Major League Soccer, as well as Friday Night Baseball. His award-winning comedy Ted Lasso is about an American football manager leading a Premier League football team.

The Glazers, bowing to the fans, recently agreed to put the Premier League football giant up for sale. They initially set an asking price of £8.25 billion.

Apple stock lost a fraction ahead of Friday’s open stock market trading. The shares edged up 0.6% to 151.07 on Wednesday after rebounding from its 50-day moving average on Tuesday. Dow stock is still below its 200-day moving average.

Manchester United’s stock jumped nearly 8% early on Friday. MANU shares soared 26% to 18.80 on Wednesday, a 13-month high after jumping nearly 15% on Tuesday.

Will the FTC challenge Microsoft-Activision?

The Federal Trade Commission will likely try to block Microsoft’s $69 billion buyout of video game publisher Activision Blizzard. That’s according to Politico, which says an antitrust lawsuit could come in December. The FTC’s investigation into the Microsoft-Activision deal is not yet complete.

ATVI stock fell 3% early Friday on the FTC report. Shares rose 0.9% to 76.59 in Wednesday’s regular session. Activision shares traded at a significant discount to the purchase price of $95 per share due to regulatory concerns.

Antitrust regulators in Europe and China are also looking at Microsoft-Activision.

PlayStation maker sony (SONY) opposed the Microsoft-Activision deal, fearing that top Activision sellers such as Call of Duty would become exclusive to Xbox.

Microsoft stock was little changed Friday morning. Dow Jones stock rose 1% to 247.58 on Wednesday.

lease follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.


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