Gaming Unite?

A Bit Overpriced Market Odds of Deal Closing. Edge is Reducing Uncertainty

Activision Blizzard, Inc. ATVI 0.00%↑

This will be an extremely brief write-up given the well known and multifaceted write-ups of the ATVI and Microsoft MSFT 0.00%↑ merger opportunity. 

Parity Calculation

Terms: 1 Activision Blizzard, Inc. ATVI 0.00%↑ = $95 cash proceeds if deal closes. ($75.96 as of close of business 12/7/2022)

Gross Spread: $19.04

Overaching Timeline

In the three years prior to COVID-19, Activision Blizzard had a trading range of $40 and $85 between March 2017 to March 2020. Two months before the acquisition announcement by Microsoft, the trading range was $56 to $70.