Apple – Manchester United?
The Daily Star reported that Apple could pay 5.8 billion pounds ($7 billion) for Manchester United. The Dow Jones tech giant has no experience owning a sports team, but CEO Tim Cook sees great opportunities from 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 coach who runs a Premier League soccer team.
Bowing to fans, The Glazers recently agreed to put the Premier League giant up for sale. They initially set an asking price of 8.25 billion pounds.
Apple stock lost a small portion before the open in stock market trading on Friday. Shares rose 0.6% to 151.07 on Wednesday after rebounding from its 50-day moving average on Tuesday. The Dow Jones stock is still below its 200-day moving average.
Manchester United shares jumped nearly 8% early on Friday. MANU shares jumped 26% to 18.80 on Wednesday, a 13-month high after rising nearly 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 publisher Activision Blizzard. That’s according to Politico, which says the antitrust lawsuit could come in December. The FTC’s investigation into the Microsoft-Activision deal has not yet been completed.
ATVI stock fell 3% early Friday on an FTC report. Shares rose 0.9 percent to 76.59 in Wednesday’s regular session. Activision stock 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 Maker Sony (SONY) objected to the Microsoft-Activision deal, fearing Activision’s best-selling Call of Duty could become an Xbox exclusive.
Microsoft shares were little changed early on Friday. Dow Jones rose 1% to 247.58 on Wednesday.
Rent Follow Ed Carson on Twitter at @tweet For stock market updates and more.
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