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[feynoob]

Put a figure down, because at above $65 per share in a buyback the shareholders are being defrauded if Kotick agrees to an extension without a better price per share, And there is no way ATVI shares will be below $65 without a buybackm never mind a buyback from a $12b of cash, and fantastic business figures are coming that everyone knows is coming

If they agree to extension, they will get above 4.5b or more. That is more than 3b.

 

[Gudji]

The coalition? Get that shit out of here. Gears 4 and 5 were excellent and hivebusters was the shit.

 

[PaintTinJr]

The market hates failed business ventures, no matter how you want to spin it

But enough to justify a free extension without Kotick going to jail for fraud in your opinion?

 

[Flintty]

They didn't need to accept this, they never did

Only after Brad Smith encounter with UK Chancellor and the CMA that this happened.

I can't say whether MS will push this through without CMA approval, but I'm saying CMA will not bow down to political pressure. And that's what makes this so interesting for me.

 

[ckaneo]

Man deserves a promotion.

Didnt the FTC file the injuction in a court where they knew she would get the case?

 

[feynoob]

 

[havoc00]

But enough to justify a free extension without Kotick going to jail for fraud in your opinion?

Bobby is Teflon

 

[Corndog]

More than is now?

Of the three regulators who could theoretically stop this merger, EU passed with some remedies, CMA blocked and the FTC got rolled over in court..

The FTC is fighting as much as they could, but they failled, the "tough" CMA blocked which should be the end of all this, but no to Microsoft, they put so much pressure on the CMA that they caving.

I think Microsoft could buy Take 2 without much a issue because

EU doesn't care, since Xbox is insignificant in the region

CMA got spooked

and the FTC gonna get rolled over again in court.

Or the ftc case was weak. And as you stated Xbox has a small presence in Europe so no reason to stop the merger. Lastly the cma got political pressure and might make a deal.

 

[Sanepar]

My body is ready for the $100 GPU tier.

Just leave my Steam there and my ability to buy games.

 

[ckaneo]

I can't say whether MS will push this through without CMA approval, but I'm saying CMA will not bow down to political pressure. And that's what makes this so interesting for me.

They already have though.

Or at least they suspected they would lose in trial, but appeals rarely work so no reason to think that with the information we have

 

[PaintTinJr]

If they agree to extension, they will get above 4.5b or more. That is more than 3b.

But they don't get that if the deal goes through, it is a break up fee, so the shareholders are being defrauded by the true value of the shares plus 30%

 

[feynoob]

 

[solidus12]

Xbox is one step closer to becoming a third party publisher

 

[feynoob]

But they don't get that if the deal goes through, it is a break up fee, so the shareholders are being defrauded by the true value of the shares plus 30%

Nope.
If both party agree to extension, that means a new price point which can statisfy everyone.

 

[poppabk]

The shareholder decision only lasts until the 18th

Does it? Because I can't find that anywhere in the documents they sent to shareholders, I can't find an end date at all.

 

[PaintTinJr]

They already have though.

Or at least they suspected they would lose in trial, but appeals rarely work so no reason to think that with the information we have

They don't expect to lose at all. but they are required to use that as a last resort, and are legally required to return to negotiations, even with a bad actor like Microsoft that have no intention of appeasing the SLC properly.

 

[Flintty]

They already have though.

Or at least they suspected they would lose in trial, but appeals rarely work so no reason to think that with the information we have

Can't see it tbh. That's not how the Civil Service works.

 

[havoc00]

Even if the cma does give in or whatever they will still look like they did there job, made ms give something up maybe fine them held the deal up etc… they won't come out looking soft imo

 

[bender]

 

[feynoob]

Even if the cma does give in or whatever they will still look like they did there job, made ms give something up maybe fine them held the deal up etc… they won't come out looking soft imo

CMA basically blocked this deal. That is alpha move. No one will blame them, because the rest of regulators are incompetent as FK.

 

[PaintTinJr]

Nope.
If both party agree to extension, that means a new price point which can statisfy everyone.

But parties is shareholders, and that takes time Microsoft don't have before the block by the CMA becomes permanent.

 

[ckaneo]

They don't expect to lose at all. but they are required to use that as a last resort, and are legally required to return to negotiations, even with a bad actor like Microsoft that have no intention of appeasing the SLC properly.

They arent legally required to negotiate. The time to negotiate was before they blocked this.

What they are doing now is unprecedented.

And there are only two explanations for it.

1) They thought they could lose on appeal

2) Lobbying works

 

[HoofHearted]

You said that months ago and we are still here.

I think he means it this time…

 

[ckaneo]

Can't see it tbh. That's not how the Civil Service works.

Lobbying > Civil Service

 

[Kilau]

Hey FTC.

 

[PaintTinJr]

They arent legally required to negotiate. The time to negotiate was before they blocked this.

What they are doing now is unprecedented.

And there are only two explanations for it.

1) They thought they could lose on appeal

2) Lobbying works

It is not, because it would weaken their appeal defence case with the CAT if they weren't prepared to lower the burden on the judiciary and tax payer to find an amicable resolution, if one could be found.

 

[feynoob]

But parties is shareholders, and that takes time Microsoft don't have before the block by the CMA becomes permanent.

Shareholders makes a vote, not decision.
Top brass and their lawyers do the decision. If shareholders agree to it, the negotiation becomes effective.

GHG is expert in this field.

 

[Unknown Soldier]

I really want them to put cod on the ms servers clean up the old cod games

They ain't gonna fucking do any shit like that LMAO

 

[havoc00]

They ain't gonna fucking do any shit like that LMAO

Why wouldn't they it would be an easy way to bolster gamepass give it more value with doing the bare minimum. Plus people would buy dlc etc

 

[ZehDon]

Looks like we're in the endgame now. All eyes on the CMA.

 

[Unknown Soldier]

Didnt the FTC file the injuction in a court where they knew she would get the case?

Just one of FTC's many fuckups trying to pursue this case

 

[Varteras]

 

[feynoob]

Looks like we're in the endgame now. All eyes on the CMA.

Give it up boys. The deal is dead.
ZehDon casted his vote.
i REPEAT THE DEAL IS OFFICIALLY DEAD.

 

[Flintty]

Lobbying > Civil Service

Lol no. There is no lobbying in the UK Civil Service, and if it was to happen, then careers are on the line. All UK Civil Servants work to the Civil Service Code;

As a civil servant, you are appointed on merit on the basis of fair and open competition and are expected to carry out your role with dedication and a commitment to the Civil Service and its core values: integrity, honesty, objectivity and impartiality. In this code:

• 'integrity' is putting the obligations of public service above your own personal interests
• 'honesty' is being truthful and open
• 'objectivity' is basing your advice and decisions on rigorous analysis of the evidence
• 'impartiality' is acting solely according to the merits of the case and serving equally well governments of different political persuasions

These core values support good government and ensure the achievement of the highest possible standards in all that the Civil Service does. This in turn helps the Civil Service to gain and retain the respect of ministers, Parliament, the public and its customers.

Yeah I guess this is meaningless words to you, but it's the core values of the Civil Service. Nobody in CMA is going to be lobbied by MS to get this deal through. And Sunak can bitch all he wants at them but it won't change a thing.

 

[//DEVIL//]

An 18month old decision, that he would then have no mandate for or any financial justification for shareholders

Arent you bitter?

Money is money. 70 Billion money for a Company like Activison is a dream come true. their market share is fish in the water and they know it. they do not have the foundation to justify that market share. ONE Bad Cod game and they will tank.

I stand by what I said, this deal will close by Monday ( Just My guess )

 

[M16]

gamers lawsuit the gift that keeps on giving

 

[Jboemios]

Xbox is one step closer to becoming a third party publisher

Soniers most wet dream become true.

 

[aliadiere25]

So, Microsoft just spent $69 billion just make their most important games non-exclusive.

How the hell is does Phil still have a job?

 

[93xfan]

Didnt the FTC file the injuction in a court where they knew she would get the case?

Yes, but people need to feel wronged to cope.

Emotions outweigh the facts for them.

 

[adamsapple]

I really want them to put cod on the ms servers clean up the old cod games

I don't know what you mean by "put cod on MS servers" but they have done a lot of work on the 360-era game servers last week, very likely in anticipation of this and them getting a new audience on game pass.

 

[PaintTinJr]

Shareholders makes a vote, not decision.
Top brass and their lawyers do the decision. If shareholders agree to it, the negotiation becomes effective.

GHG is expert in this field.

The block becomes permanent on the 18th of July without Microsoft in a position to continue with the CMA on a probe. How long do you think it takes to get shareholder approval, and again a new price would be part of the equation, because Kotick doesn't own ATVI, even if he 's required to act that way when he speaks for the company.

 

[feynoob]

Lol no. There is no lobbying in the UK Civil Service, and if it was to happen, then careers are on the line. All UK Civil Servants work to the Civil Service Code;

As a civil servant, you are appointed on merit on the basis of fair and open competition and are expected to carry out your role with dedication and a commitment to the Civil Service and its core values: integrity, honesty, objectivity and impartiality. In this code:

• 'integrity' is putting the obligations of public service above your own personal interests
• 'honesty' is being truthful and open
• 'objectivity' is basing your advice and decisions on rigorous analysis of the evidence
• 'impartiality' is acting solely according to the merits of the case and serving equally well governments of different political persuasions

These core values support good government and ensure the achievement of the highest possible standards in all that the Civil Service does. This in turn helps the Civil Service to gain and retain the respect of ministers, Parliament, the public and its customers.

Yeah I guess this is meaningless words to you, but it's the core values of the Civil Service. Nobody in CMA is going to be lobbied by MS to get this deal through. And Sunak can bitch all he wants at them but it won't change a thing.

 

[adamsapple]

The block becomes permanent on the 18th of July without Microsoft in a position to continue with the CMA on a probe. How long do you think it takes to get shareholder approval, and again a new price would be part of the equation, because Kotick doesn't own ATVI, even if he 's required to act that way when he speaks for the company.

The block becomes permanent ?

what ?

 

[feynoob]

The block becomes permanent on the 18th of July without Microsoft in a position to continue with the CMA on a probe. How long do you think it takes to get shareholder approval, and again a new price would be part of the equation, because Kotick doesn't own ATVI, even if he 's required to act that way when he speaks for the company.

Isnt CMA changing their stance about the block deadline?

 

[havoc00]

I don't know what you mean by "put cod on MS servers" but they have done a lot of work on the 360-era game servers last week, very likely in anticipation of this and them getting a new audience on game pass.

I mean put them on the azure servers because acitvisions servers blow and have a low tick rate

 

[feynoob]

gamers lawsuit the gift that keeps on giving

Our gamer friends lost their holy war.

 

[laynelane]

It is an alternate universe article because everything they wrote about the CMA is factually wrong. Not least the final paragraph suggesting the CMA's powers are being reduced from this deal interaction, when they are being given more power and expanding by 250 staff currently.

The article is at least 50% hopium.

There's been no shortages of articles of this type about any organization that opposes the deal. I figure it's wiser to just wait and see what happens at this point.

 

[Kilau]

Isnt CMA changing their stance about the block deadline?

 

[PaintTinJr]

Arent you bitter?

Money is money. 70 Billion money for a Company like Activison is a dream come true. their market share is fish in the water and they know it. they do not have the foundation to justify that market share. ONE Bad Cod game and they will tank.

I stand by what I said, this deal will close by Monday ( Just My guess )

I'm not bitter at all, I'm just a life long gamer that won't willing support the detriment of my preferred hobby., but you are welcome to support the demise by consolidation if that's how you like your gaming.

 

[M16]

The block becomes permanent on the 18th of July without Microsoft in a position to continue with the CMA on a probe. How long do you think it takes to get shareholder approval, and again a new price would be part of the equation, because Kotick doesn't own ATVI, even if he 's required to act that way when he speaks for the company.

No it doesnt. Today the CMA announced they extended the date for the final order by the latest august 29th, and they are currently in discussions with Microsoft on a solution.