Microsoft Corp

MSFT: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$725.00	Cvks	Ftfgbrxm

Microsoft Prevails in FTC Trial, Paving the Way for the Activision Deal to Close in Short Order

Dan Romanoff

Jul 11, 2023

We see a clear path forward for wide-moat Microsoft’s acquisition of Activision, as a federal judge denied the Federal Trade Commission’s motion for a preliminary injunction to halt the deal. We maintain our fair value estimate of $325 per share and see the stock as fairly valued.

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