HomeLifestyleRetailMicrosoft (MSFT) Restructures Activision (ATVI) Deal & Macy's (M) Falls After Earnings

Microsoft (MSFT) Restructures Activision (ATVI) Deal & Macy's (M) Falls After Earnings

Microsoft (MSFT) restructures Activision (ATVI) deal to appease U.K. regulators. MSFT will now "acquire a narrower set of rights" and cloud streaming rights of ATVI games may be transferred to Ubisoft (UBI). Alex Coffey discusses this, along with Macy's (M) most recent earnings. M falls as same-store sales decline. Its adjusted EPS came in at $0.26 versus an estimated $0.13 and revenue came in at $5.28B versus an estimated $5.06B. M's 2Q same-store sales down 7.3% and brick-and-mortar sales are down 8% year-over-year. Tune in to find out more about the stock market today.

Morning Trade Live

22 Aug 2023

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