By Sabela OjeaLululemon Athletica is joining the S&P 500 index as it becomes one of the largest publicly traded companies in the U.S. with a market capitalization of $49 billion. The company's addition to the S&P 500 will become effective on October 18. The maker of workout gear will replace Activision Blizzard, acquired by Microsoft in a transaction completed on Friday, the S&P Dow Jones Indices said. The $75 billion merger just won the backing of U.K. competition authorities after the companies spent more than a year and a half trying to convince regulators to approve the deal. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix(END) Dow Jones Newswires10-13-23 1817ET

Source: Wall Street Journal October 14, 2023 10:22 UTC