This makes tons of sense and is something I've echoed many times when discussing why these huge acquisitions are often not as important as they seem and are essentially "buying the past."
If this article is true it's clearly explaining this effect. People leaving to do other things, work on other titles, etc. Microsoft can't buy people, and indeed MS as a company simply attract the best talent in the industry. They don't want to work there (this is a software engineer thing). So when these buyouts occur not only do they now have studios to support, they have to get those studios to regularly produce content, and they can't stop people from just leaving and going to do something else. It happens all the time in software acquisitions. If Activision wanted to sell they simply didn't see much of a future for themselves. So it's right there in black and white. Activision themselves saw no way forward. They wanted to sell. So MS just engaged in the largest buyout ever for a company that actually saw no future for itself, i.e. bought the past. It's very simple. If Activision saw no real future for themselves, how is MS spending a cool 70 bil smart, and how are they going to actually turn that around?
I'm definitely looking forward to seeing how this turns out. I really think it's going to be yet another Skype, Nokia, etc.
Though I have to actually laugh at Grubb writing that Activision engaged in "civil rights violations" of its employees. Good grief.