Kilau
Member
When you're special, you're special.
Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)
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DrFigs
Member
smart judge. the CMA clearly needs heelp
GHG
Member
He called them out on how tight they were wanting to put the deadline.
What is it again that needs to happen by 5pm tomorrow? Very fishy indeed.
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HoofHearted
Member
Topher
Identifies as young
"You guys"? Uh....no. That was coming from many the legal experts and scholars who were saying repeatedly that the CMA was "unappealable". Guess it was our fault for believing them though.
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Jigsaah
Gold Member
Awwww, shucks!
kvltus lvlzvs
Member
with enough money anything is appealable, I guess
Kilau
Member
I meant MS but you too boo.Awwww, shucks!
GHG
Member
Same vibes as that other guy who popped in earlier to talk about "politics".
By "politics" they mean corruption, the very same corruption that they were on their knees begging to happen when the CMA blocked the deal. But apparently now that things have unfolded how they have people shouldn't talk about there being any possibility of corruption. Strange that.
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tryDEATH
Member
People didn't expect the CMA to block it because of cloud and it was a surprise to everyone and anyone that say other wise and claimed they knew that cloud would be the primary issue is lying through their teeth. The CMA was stuck stubornly with tat decesion all the way until the FTC lost. MS made remedies with Nvidia and two other cloud based companies that the CMA swatted away as no enough, so people can't claim MS wasn't playing ball its that the CMA was irrational and grandstating in hopes the FTC wins. Had the FTC won teh CMA would not have changed their stance.
Either they got lobbied hard or the cloud stuff wasn't going to stand up in court
Jigsaah
Gold Member
mayham2199
Member
adamsapple
Or is it just one of Phil's balls in my throat?
CMA's request to adjourn appeal had nothing to do with FTC loss
The adjournment request from the Competition and Markets Authority (CMA) was unaffected by the Federal Trade Commission's loss in the United States.
www.tweaktown.com
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HoofHearted
Member
I'm really concerned now they've obviously found a way to clone Stephen Colbert ... does that count?
Heisenberg007
Gold Journalism
When this all started 1.5 years ago, who really thought that the fate will be decided on the very last day, July 18, 2023.
Damn, what great entertainment!
Damn, what great entertainment!
Kilau
Member
Highly disturbing.
Chuck Berry
Gold Member
This thread has got to be one of the most impressive, informative and embarrassing in the history of the forum
It takes a special kind of retarded to support, let alone cheer for massive corporations and extreme purchases like this.
It takes a special kind of retarded to support, let alone cheer for massive corporations and extreme purchases like this.
Topher
Identifies as young
ChorizoPicozo
Member
can you provide the receipts?
Microsoft has LOTS of money.
HeisenbergFX4
Member
Nahh many people knew a week ago the CMA was going to deal
feynoob
Banned
MS and CMA caught having sex behind the judge.
He was not satisfied with this news.
Topher
Identifies as young
Jim Ryan confessed to everything. Case dismissed.
Calverz
Member
Grow up, you were MIA for months until recently. But now removed.
The realisation kicked in a few days ago it seems. Some are completely missing in action.....
PaintTinJr
Member
I thought the head legal guy at the CMA has to produce the evidence for reasoning to consider the CMA extension "material change" or "special reason" by midday Thursday for the judge to decide on the adjournment decision.
Gudji
Member
Thanks to Lordship Jimbo we can finally put this thread to rest. Can't wait for the next one.
GHG
Member
Not the first time this has been asked and nobody has been able to answer so I'll try again, like who exactly?
feynoob
Banned
The whole thing is crooked.
CMA were in bed with MS long time ago.
kvltus lvlzvs
Member
Ok mates, quick question: What would the next acquisition have to be to get a new thread as dramatic as this one?
Topher
Identifies as young
feynoob
Banned
Wait, was it the CMA that said they wanted to submit their evidence by 5pm tomorrow?
I only heard the judge say 1 working day isn't right and mid-day Thursday is the deadline.
DryvBy
Member
MS buys Sony who just bought Nintendo.
Sega comes in with a stunner announcing Dreamcast 2.
GHG
Member
Wait, was it the CMA that said they wanted to submit their evidence by 5pm tomorrow?
I only heard the judge say 1 working day isn't right and mid-day Thursday is the deadline.
Yep they did exactly that. Then when the judge said that's too tight and he's proposing Thursday and the CMA guy immediately looked over to the Microsoft/Activision side of the courtroom.
On a leash.
Speaking of leashes...
So you got nothing?
Kittehkraken
Member
Over what though? What's actually happening is still a massive unknown. For all we know Microsoft could be making a massive divestment.
Topher
Identifies as young
It was bizarre to see them completely unified.
And where were you when things looked dire for the deal?
Jigsaah
Gold Member
Basically, Judge wasn't happy with the stunt CMA is trying to pull. Because the deal is about to expire and there's no indication of an extension the judge has CONDITIONALLY granted an adjournment. The adjournment is in regards to the appeal Microsoft and CMA were engaged in. The CMA was defending the deal in this hearing and both Microsoft and CMA want the adjournment. Given that the deal expires tomorrow, the judge has decided to get out of the way so the deal can close, sugesting that Microsoft is given assurances that the work will be done to provide evidence for the conditions the judge set forth to be met. The judge finally gave the parties until Thursday of this week to provide said evidence, but I believe the deal can close ahead of this and they'll just work backwards to satisfy the judge.
Calverz
Member
Banned incidentally.
Loads of games free on game pass before Xmas
thicc_girls_are_teh_best
Member
Here's what I think is going on (keep in mind, I am NOT a legal expert in any way):
MS presented an informal offer to the CMA sometime last week or maybe earlier that the CMA liked, and now the CMA are willing to go through the review process for that offer when it's presented in a legally-binding document by Microsoft. So long as Microsoft do that, they basically have a guarantee from the CMA that they will approve the deal, and MS's people have probably parlayed with ABK people so that ABK don't walk after the 18th, and the $3 billion is either waived or paid back to MS once the deal is completed, at the current $69 billion price (because I think if ABK ask for significantly more, MS would actually walk).
So basically, Microsoft and ABK I guess kind of "soft-close" in the UK on the 18th while officially closing the deal in the other markets where they can already do so (which includes America and European countries). And then they'll officially close in the UK sometime late August. Until then I guess in the UK, ABK will have to be kept more separate in some way, but I don't know how that would be done.
bender
What time is it?
Growing up, Jim Ryan always wanted to be a rock star. Can dreams come true?
GHG
Member
Negotiator101
Member
Yeah but to be fair to you guys the CMA had been dealing with far smaller deals and nothing like this. Which meant the whole world is watching and after the FTC had failed (the CMA had aligned themselves very closely to them) they had no where to go.
When the EU gave the deal the thumbs up the CMA were furious as it massively diminished their ruling, but the FTC was still there. After they fell and Microsoft clearly caved somewhat (by how much we'll soon find out) it's best for the UK to comply but still look strong as being the last man standing.
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