Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)

Do you believe the deal will be approved?


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Nothing is out of the realm for the king
No they aren't.

And It's not a dream, I don't want it to happen, but escalation is the result of something like this

If you don't think Sony could acquire either of them you're not well versed in M&A
EA is a license nightmare.
Take 2 will trigger bidding war. I doubt Sony can outbid tencent, Amazon and other gaints. Even if they prepare huge amount of money.

MS offered 82+ for Activision. Activision went around and asked people to match that offer. Then went back to MS and demanded higher fee.

Take 2 will be like that. Sony will need more money to outbid these people. It's not a walking in the part.
 
I can 100% see it closing this weekend over the CMA and sorry I don't feel stupid but maybe I am
They will never do this lol

I really just don't even get why that is such a popular opinion. They currently have an agreement w/ the CMA to go over a proposal, which might happen quickly as soon as the FTC is out of the way, but I don't think MS is just going to "close" before they have those talks.

If they have some sort of backroom handshake deal, again.. why would they close? They might be able to next week but doing it before things are official with the CMA just seems like a terrible idea.
 
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But acquisitions of public companies cannot even close during the weekend because the stock exchange is not open.

In fact, they can't even close today even if the FTC fails in its appeal because of the East Coast and West Coasting timing of the Stock exchange. It'll have to happen around 9AM, which is 2.5 hours before the Court of Appeals even opens.

Tom ignoring all this is just ...
I'm asking not implying, but why would there be a restriction on weekend closings when the shareholders already approved the sale of the entire company on a set price per share?

My question aside, something still smells really fishy. I do not believe MS can make any material changes to the transaction without getting approval from other regulators for the changes. That just does not make any sense to me. So if they do close before the 18th I have to believe they already worked out a deal with CMA a long time ago. The last thing they want is to give Canada another chance to circle back after their intervention during the trial.
 
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EA is a license nightmare.
Take 2 will trigger bidding war. I doubt Sony can outbid tencent, Amazon and other gaints. Even if they prepare huge amount of money.

MS offered 82+ for Activision. Activision went around and asked people to match that offer. Then went back to MS and demanded higher fee.

Take 2 will be like that. Sony will need more money to outbid these people. It's not a walking in the part.

I never said it would be a walk in the park. These situations never are, not even for MS. Lots of stars must align.

But it's certainly possible.
 
But Zynga offered Take 2 soemthing very strategic and valuable in that they helped Take 2 make a massive leap into the mobile market and added assets in the mobile arena Take 2 didn't have. What is the value and strategic significance something like Square would bring? A japanese developer who already has significant ties to Sonys platforms and shown loyalty to their platforms consistently over the years?
they have very important brands for the japanese market that sony doesn't have, especially ff and dq, a very successful mmo like ff14 and a good mobile division. it would still be a good catalog to continue to attract in japan. obviously it's nothing like activision, t2 or ea. it would be more like zenimax
 
If this deal goes through, maybe they'll put out $8 billion to buy Square Enix. But I wouldn't want Sony to spend $8 billion that way. That'll be a waste of resources. $8 billion would probably be the total cost of R&D, building dev kits, and then producing the first few million PS6 consoles.
True true, plus there was a point made earlier about Sony getting all the important Square Enix games anyways exclusive. As I'm writing this I'm thinking about what would make strategic sense to Sony. Where are they lacking. PC prescence and mobile. Square Enix does make a lot of mobile games, but I don't know how well that side of the business does. Admittedly, I don't know where all this money is going in mobile as a whole. I imagine...gachas and cod mobile, pubg mobile and candy crush. Obviously there are others but I just can't think of them off the top of my head.

Since Sony will still be market leader for the foreseeable future even if the deal completes, why not expand into mobile a bit? They wouldn't have any legal trouble doing that, it wouldn't upset loyal fans and it might make up for any loss of revenue that could come from the potential of losing COD. I still don't think they lose COD anytime soon, even after the 2024 deal expires. They are simply too useful for Microsoft. The only way I see this happening is if Matt Booty's email is indicative of how Microsoft wants to move. My gut tells me Microsoft isn't really looking to go that far, to eradicate Sony, that is.
 
MS isn't stupid and will find any loophole that allows them to close the deal.

Everyone here only knows the surface.
I dunno what's going on either honestly and guess I am just being stupid

Think I will avoid this thread until a decision is made 100% one way or another

So no one tag me in here as I wont reply (and don make me totally ignore the thread please)
 
I dunno what's going on either honestly and guess I am just being stupid

Think I will avoid this thread until a decision is made 100% one way or another

So no one tag me in here as I wont reply (and don make me totally ignore the thread please)
You are not.
Rich people here look for any loopholes to pay less money.
MS will be looking for any loophole to complete the deal.
 
MS isn't stupid and will find any loophole that allows them to close the deal.

Everyone here only knows the surface.
To be honest - if MS intends to close over CMA objections regardless what happens on Monday, then it would be stupid to wait until Monday to close if the 9th takes no action today. Then the closing would be moot by the time Monday rolls around and the 9th is back to work. If the 9th actually denied the stay, then they could wait without any real risk.
 
I dunno what's going on either honestly and guess I am just being stupid

Think I will avoid this thread until a decision is made 100% one way or another

So no one tag me in here as I wont reply (and don make me totally ignore the thread please)

Congratulations boys. You ran off our man Heisenberg. :-/
 
Nope, they aren't.
This purchase is making people assume those companies wants to be bought.
Also lets be very honest.... you don't think the Market leader in the industry will not face even heavier scrutiny around making a big move like this? This would be just as if not more daunting for Sony given their position in the market and how they have consistently used partial forecloser tactics in a good portion of their marketing deals. They would be under a big microscope.
 
If I remember correctly, Sony had more than $40 billion in cash before they changed their accounting procedure. As per their revised accounting method, they now have over $13 billion in just cash in hand.

If they liquidate their cash equivalents, they can easily acquire Take-Two without even raising a loan -- especially if they also spin-off their finance division as per their plan, which could easily bring $8-$10 billion for them. Moreover, just the PlayStation division is forecasted to bring $32 billion in revenue next year. Last year was $27 billion.

Their 5 biggest shareholders are also banks. Raising a small loan is not going to be even a little bit of an issue for them.
The way some ppl talk, you would think you needed the entire amount to buy a house or a car.

....look at how Musk got the money for Twitter....
 
@Ginzeen working overtime spamming icon-era.com as well. How much is MS paying you?



Talk about unhinged meltdowns lmao
 
To be honest - if MS intends to close over CMA objections regardless what happens on Monday, then it would be stupid to wait until Monday to close if the 9th takes no action today. Then the closing would be moot by the time Monday rolls around and the 9th is back to work. If the 9th actually denied the stay, then they could wait without any real risk.
If that was the case, MS wouldn't have fought that tro.
 
The way some ppl talk, you would think you needed the entire amount to buy a house or a car.

....look at how Musk got the money for Twitter....
Mostly cash you mean?

lol

It's a TERRIBLE time to get a loan though, like TERRIBLE.

Hence M&A stalling out these last couple of years. And hence why the leverage buyout loan used to fund ~1/3-1/4th of the Twitter buyout is probably going to bankrupt Twitter lol
 
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Nobody is "off the market", as they say. It *is* up to those companies if they wish to be bought out.

There seems to be this notion here that, somehow, Microsoft will just stop after the ABK purchase.

They won't. There's zero chance of that. This case literally brought out they were after pretty much everyone.

Also a notion that Sony is unable or unwilling to acquire Square or whomever.They don't have the war chest, but it doesn't mean that they can't.

This case sets in motion an acquisition war and I'm not sure *why* people think that's not going to happen.
 
I'll drink @Banjo64 cum if the deal closes

200.gif
 
Also lets be very honest.... you don't think the Market leader in the industry will not face even heavier scrutiny around making a big move like this? This would be just as if not more daunting for Sony given their position in the market and how they have consistently used partial forecloser tactics in a good portion of their marketing deals. They would be under a big microscope.
If MS buys Activision, market position would be meaningless.
 
If that was the case, MS wouldn't have fought that tro.
I don't think MS intends to either. My point was limited to if they did intend it.

I still suspect a deal was already made, and everything except the 9th circuit appeal has been resolved. Just my guess, which I hope is way off base.
 
MS isn't stupid and will find any loophole that allows them to close the deal.

...
Not with the CMA, they've got more chance of finding another 8GBs of RAM and a second GPU in the Series power supplies than it being approved here, prior to the 4-6 week timeline the CMA tweeted today of another probe.
 
I don't think MS intends to either. My point was limited to if they did intend it.

I still suspect a deal was already made, and everything except the 9th circuit appeal has been resolved. Just my guess, which I hope is way off base.
This is like waiting for your final test grades.
 
If MS buys Activision, market position would be meaningless.
I don't think this is accurate at all. I think it still very much would matter in the eyes of some regulators especially if the move is to buy something on the level of EA or Take 2....unless Sony is willing to make all the same ovetures MS has had to. 10 yr deals to all, etc...
 
So we know that July 18th isn't an automatic termination date. July 18th is the date that ABK can walk away and get that $3B. But I don't think shareholder approval is needed to go past the termination date, right?

If Bobby is the one that decides if they walk away or not, you gotta wonder how he's weighing a personal gain of almost $400 million and retirement vs $3B boost to Activision and hopes of cashing out sometime down the line when the stock is above $95/share.
 
The way some ppl talk, you would think you needed the entire amount to buy a house or a car.

....look at how Musk got the money for Twitter....
Gaf has crazy accountants.

When MS announced buying Activision for $70B, some people would say it will take MS 35 years (Activision was making around $2B profit per year) to pay off the purchase get their money back, since Activision's inherent asset value would become $0.
 
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Mostly cash you mean?

lol

It's a TERRIBLE time to get a loan though, like TERRIBLE.

Hence M&A stalling out these last couple of years. And hence why the leverage buyout loan used to fund ~1/3-1/4th of the Twitter buyout is probably going to bankrupt Twitter lol
I think the point was even he didn't use all his own money

¯\_(ツ)_/¯
 
I don't think this is accurate at all. I think it still very much would matter in the eyes of some regulators especially if the move is to buy something on the level of EA or Take 2....unless Sony is willing to make all the same ovetures MS has had to. 10 yr deals to all, etc...
Regulators said COD won't bring any console harm.
They will do the same thing with take 2 and others.

Only thing that can stop it is cloud at this point.
 
Not something this damn blatant lmao
Why not? Leopards don't change their spots.

Let's be real. There was an email from one of their top people talking about being able to spend Sony out of business. A guy in his position certainly knows they already dealt with anti-trust litigation they lose previously, and still didn't care enough to avoid putting that in WRITING!
 
Not with the CMA, they've got more chance of finding another 8GBs of RAM and a second GPU in the Series power supplies than it being approved here, prior to the 4-6 week timeline the CMA tweeted today of another probe.
Monday will clear up everything.
If they don't close it, then CMA will win with their stance.
 
I don't think this is accurate at all. I think it still very much would matter in the eyes of some regulators especially if the move is to buy something on the level of EA or Take 2....unless Sony is willing to make all the same ovetures MS has had to. 10 yr deals to all, etc...
Sony buying a big company would get some scrutiny as well.

The big difference between MS/Activision vs Sony + EA or TTWO is that Sony is the dominant leader over MS and Xbox. MS lags even Nintendo Switch.

The #3 player buying a company (even if it's the biggest third party one available) is a lot different than the #1 company buying the #2 or #3 third party companies. Never less, I think if Sony tried acquiring one of them it would be no problem. Approved. It's video games after all.
 
So we know that July 18th isn't an automatic termination date. July 18th is the date that ABK can walk away and get that $3B. But I don't think shareholder approval is needed to go past the termination date, right?

If Bobby is the one that decides if they walk away or not, you gotta wonder how he's weighing a personal gain of almost $400 million and retirement vs $3B boost to Activision and hopes of cashing out sometime down the line when the stock is above $95/share.

This is what I don't know if Bobby can just pull out on his own or not. If he can I think he does ASAP. I don't think he cares about the money I think he cares about being CEO of ABK. He even said during trial that he only accepted the offer because of share holders.
 
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