StreetsofBeige
Gold Member
The FTC and CMA were the two big ones who were against it. MS and activision announced the deal in Jan 2022. They've had a year and half to get their act together And by the looks of had zero. To be fair it looks like CMA will get some kind of concession out of MS (maybe that cloud divestiture thing everyone keeps talking about). But FTC got zero.The conspiracy meltdown here is wild and seems to be the coping mechanism. The EC passed the deal, the FTC failed with a horrible argument, and now the CMA conceded as they were the only ones left with their pants down witha BS objection to the acquisition.
It wasn't money or corruption that got this deal to pass, but a lack off actual real market issues this merger would cause leaving the agency cases extremely weak and which wouldn't under scrutiny be enough to block this acquisition. MS offered guarantees/contracts and remedies to address any issues the agency's had leaving the courts to side with MS. The agencies in fact did their part in protecting the market by "forcing" MS into these deals, which MS knew they had to make if they wanted this to go through.
They either had a leg to stand in but just failed at getting the details to prove it, or just had nothing to ever go on right from the start.
Either way. Both got obliterated.