Dow stock news: Apple eyeing Manchester United? FTC set to challenge Microsoft-Activision deal

Apple (AAPL) is reportedly interested in the British soccer giant Manchester United (MANU). Meanwhile, the Federal Trade Commission will reportedly challenge the plan Microsoft (MSFT) acquisition of Activision Blizzard (THAT WE).




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Apple-Manchester United?

Apple could pay 5.8 billion pounds ($7 billion) for Manchester United, the Daily Star reported. The Dow Jones tech titan has no experience owning a sports team, but CEO Tim Cook reportedly sees big opportunities from such a deal.

Apple+ broadcasts Major League Soccer and Friday Night Baseball. Its award-winning comedy Ted Lasso is about an American football coach who runs a Premier League football team.

Bowing to fans, the Glazers recently agreed to put the Premier League soccer giant up for sale. They initially set an offer price of £8.25 billion.

Apple shares lost a fraction before the open in Friday trading. Shares rallied, rising 0.6% to 151.07 on Wednesday after rising from its 50-day moving average on Tuesday. The Dow remains below its 200-day moving average.

Manchester United shares rose almost 8% early on Friday. MANU shares rose 26% to 18.80 on Wednesday, a 13-month high, after rising nearly 15% on Tuesday.

FTC challenges Microsoft-Activision?

The Federal Trade Commission is likely to try to block Microsoft’s $69 billion takeover of video game publisher Activision Blizzard. This is reported by Politico, which says that an antitrust case may come in December. The FTC 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 stock has been trading at a significant discount to its purchase price of $95 per share. stock due to regulatory concerns.

Antitrust regulators in Europe and China are also reviewing Microsoft Activision.

PlayStation maker Sony (SONY) has objected to the Microsoft-Activision deal, concerned that Activision blockbusters like Call of Duty could become Xbox exclusives.

Microsoft stock was little changed early Friday. The Dow 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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