The proposed-but-long-delayed merger between Microsoft and Activision Blizzard has faced some severe regulatory challenges, but Microsoft persistent commitment to the deal may pay off.
The odds of the merger completion are low, but the potential payoff is substantial,
There is $10-per-share potential gain if the merger goes through and the FTC hearing favors Microsoft.
The FTC may be swayed by the threat of a tech downturn should it decide against the Microsoft buyout.
