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Apple is targeting Manchester United? The FTC saw a rocky deal with Microsoft-Activision

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Apple (AAPL) would be interested in the British football giant Manchester United (Manu). Meanwhile, the Federal Trade Commission would challenge the scheme Microsoft (MSFT) having ActivisionBlizzard (ATVI).


Apple – Manchester United?

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

Apple+ streams Major League Soccer games, as well as Thursday Night Baseball. Ted Lasso’s award-winning comedy is about an American football manager who leads a Premier League football team.

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

Apple shares rose 0.6% to 151.07 on Wednesday trading after bouncing off the 50-day moving average on Tuesday. Dow Jones stock is still below its 200-day moving average.

Manchester United shares jumped 26% to 18.80 on Wednesday, the highest level in 13 months. This after rising almost 15% on Tuesday.

FTC to challenge Microsoft-Activision?

The Federal Trade Commission is likely to try to block Microsoft’s $69 billion acquisition of video game maker Activision Blizzard. That’s according to Politico, which says the antitrust trial could take place in December. The FTC’s investigation into the Microsoft-Activision deal is not yet complete.

ATVI stock fell 3.8% in late trading Wednesday on the Federal Trade Commission report. Shares rose 0.9% to 76.59 in Wednesday’s regular session. Activision shares traded at a significant discount to its purchase price of $95 per share due to regulatory concerns.

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

PlayStation Creator sony (Sony) on the Microsoft-Activision deal, fearing that Activision’s best-selling Call of Duty could become an Xbox exclusive.

Microsoft stock rose Wednesday night. Dow Jones closed 1% higher at 247.58.

Rent Follow Ed Carson on Twitter at @employee For stock market updates and more.

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