Microsoft lands US$69bn Activision takeover, THG regrets London
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
1. Microsoft buys video games maker Activision Blizzard
The all-cash deal values Activision shares at US$95 each, a 46% premium to the close last night and the Call of Duty maker in total at US$68.7bn including its net cash.
2. The Hut Group’s woes continue
Another year, another disappointment from THG as its market value halved since listing on the London Stock Exchange in September 2020.
3. Airlines warn of disaster on 5G interference
The C-Band 5G service that will be implemented by AT&T and Verizon in the US from Wednesday, may leave numerous aircrafts unusable resulting in “tens of thousands” of Americans stranded on foreign land, the airlines said.
4. Goldman Sachs (NYSE:GS) posts biggest year
Full-year net profit of US$21.2bn was more than double the year before, making it Goldman’s biggest year but trading profits eased in final quarter
5. What goes up, must come down for Footsie
The FTSE 100 index ended 47.68 points, or 0.6% lower on Tuesday at 7,563.55, giving back most of Monday’s gains.
Also: Inflation shocker on cards tomorrow and Genflow makes a bright start on debut
Read More: Microsoft lands US$69bn Activision takeover, THG regrets London