apple (AAPL) is reportedly interested in the British soccer giant Manchester United (MANU). Meanwhile, the Federal Trade Commission will reportedly challenge the planned Microsoft (MSFT) acquisition of Activision Blizzard (ATVI).
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 great opportunities in such a deal.
Apple+ broadcasts Major League Soccer, as well as Friday Night Baseball. The award-winning comedy Ted Lasso is about an American football coach who runs a football team in the Premier League.
Bowing to fans, the Glazers recently agreed to put the Premier League soccer giant up for sale. They initially set an asking price of £8.25 billion.
Apple shares lost a fraction before the opening in Friday’s trading. The stock rose 0.6% to 151.07 on Wednesday after bouncing back from its 50-day moving average on Tuesday. The Dow remains below its 200-day moving average.
Manchester United shares rose almost 8% early Friday. MANU shares soared 26% to 18.80 on Wednesday, a 13-month high after a nearly 15% gain 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. That’s according to Politico, which says an antitrust case could come in December. The FTC investigation into the Microsoft-Activision deal has not yet been completed.
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 due to regulatory concerns.
Antitrust regulators in Europe and China are also considering Microsoft-Activision.
PlayStation manufacturer Sony (SONY) has objected to the Microsoft-Activision deal, concerned that Activision blockbusters like Call of Duty could become Xbox exclusives.
Microsoft shares were little changed early Friday. The Dow rose 1% to 247.58 on Wednesday.
lease follow Ed Carson on Twitter at @IBD_ECarson for stock exchange updates and more.
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