Activision Blizzard stock surges 11% after judge rules on Microsoft deal

Shares of Activision Blizzard popped 11% on Tuesday after a judge denied the Federal Trade Commission’s motion for a preliminary injunction to stop Microsoft from acquiring the video game maker.

Activision Blizzard’s stock reached a 52-week high of $92.91 per share, and the move reflects the biggest jump for the video game publisher since the deal was first announced on Jan. 18, 2022. Activision…