HoofHearted
Member
Ah - yes - still had my old photos on it..
May have to try it again ...
Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)
- Status
May have to try it again ...
poppabk
Cheeks Spread for Digital Only Future
It doesn't though. There is no end date on the deal as far as I can see, just points where the compensation for walking away changes.
Topher
Identifies as young
I don't think that is true. This is a merger agreement. The terms state that after today ABK can terminate the deal and collect $3 billion. If they decide they want to continue working towards the deal then that is completely up to them. I don't think they have to start over just because they didn't make this date set in the merger agreement.
ArtHands
Thinks buying more servers can fix a bad patch
You're imposing your expectation for the narrative here. Nobody sane is expecting them to suddenly outsell PS5 or eat away large chunk of the marketshare, since there are also numerous other outside elements beyond MS's control. No reason to conform to your expectation to set up your narrative really.
bitbydeath
Member
Microsoft, Activision reportedly discussing acquisition deadline extension
Sign up for the GI Daily here to get the biggest news straight to your inbox
www.gamesindustry.biz
Once the above date passes the current contract would have expired. They can create a new contract or walk away.
But make no mistake the current contract expires in a bit over an hour.
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poppabk
Cheeks Spread for Digital Only Future
Show me in the contract where it says that it ends today. It doesn't. Why would you refer to an article when the contract itself is publicly available?Microsoft, Activision reportedly discussing acquisition deadline extension
Sign up for the GI Daily here to get the biggest news straight to your inbox
Once the above date passes the current contract would have expired. They can create a new contract or walk away.
But make no mistake the current contract expires in a bit over an hour.
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Topher
Identifies as young
Microsoft, Activision reportedly discussing acquisition deadline extension
Sign up for the GI Daily here to get the biggest news straight to your inbox
Once the above date passes the current contract would have expired. They can create a new contract or walk away.
Today's date isn't an expiration date. These are the conditions that must be met for MS and/or ABK to terminate the merger. The deal not being consummated by then end of today meats one of the conditions. That does not mean the agreement is automatically cancelled. Notice the words "may be terminated". Not "will be terminated".
Here is the relevant text from the agreement.
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bitbydeath
Member
Link it.
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
Not if you can't manage the asset your bought.
StreetsofBeige
Gold Member
The fearmongering (whether someone truly believed that or faked it for sake of fan warrior battle point) that COD would disappear and MS would blitzkrieg the industry taking over is the dumbest thing ever.
And besides, MS and Sony now have a binding 10 year deal on COD. Which this entire debacle focused on. So now that is solved on PS for another decade, why the fear now?
And unless it was clarified, it might not even be a flat 10 year deal. They already have an existing 2 years left. So it might actually be 12 years if the new deal is an extension and not a replacement. I dont remember seeing any articles saying the deal stops at 2033.
So it might even be to 2035 which is around the time PS7 would be coming out.
OK, so if there's proof MS will forever stop making COD games in the year 2035 and beyond where it leads to unfair Xbox dominance, then fine. Bookmark this post and 12 years from now you can say MS is wrong for stopping making COD for PS7.
Topher
Identifies as young
adamsapple
Or is it just one of Phil's balls in my throat?
Microsoft, Activision reportedly discussing acquisition deadline extension
Sign up for the GI Daily here to get the biggest news straight to your inbox
Once the above date passes the current contract would have expired. They can create a new contract or walk away.
But make no mistake the current contract expires in a bit over an hour.
The article says:
This is patently false, the $3 billion is a break-up fee if either party decides to walk away from the deal, it's not something MS has to pay just because the 18th of July passes.
bitbydeath
Member
I think you're misunderstanding, it just means the current contract has expired, not that they have to start over. Extension is possible. But the deadline is end of today for the current contract prior to receiving an extension.Today's date isn't an expiration date. These are the conditions that must be met for MS and/or ABK to terminate the merger. The deal not being consummated by then end of today meats one of the conditions. That does not mean the agreement is automatically cancelled. Notice the words "may be terminated". Not "will be terminated".
Here is the relevant text from the agreement.
Topher
Identifies as young
I understand the words that I posted very clearly. Nothing in what I posted says this deal "expires" after today.
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mckmas8808
Mckmaster uses MasterCard to buy Slave drives
I never said the bolded. You all are implying that extra piece. The last generation it was 67%-33% (PlayStation 4 and Xbox One). The market share for Xbox Series can't be the same this time around. And it better not be worse than that. It'll be embarrassing if it's worse than that 2 to 1-margin. If MS can get it down to 60%-40% in the console space, that would be an outstanding job for them.
Not sure how that's some crazy expectation.
bitbydeath
Member
But did you understand mine?
Once the contract expires either party are free to walk away at anytime, OR their will be no lawfully binding document holding them together.
Does that make sense?
1 hour to go!
0neAnd0nly
Member
I mean, in 2019 Matt Booty literally said he wanted to "Spend Sony Out of Business" in an internal email.
So, with all due respect, I wouldn't consider it "fear mongering" for fans of the others in the industry to be concerned about their futures as XBOX buys massive publishers at alarming rates at which unseen in modern gaming history.
DryvBy
Member
The fat lady is still eating cake on her belly. No one has sung yet. If you'd like proof I can gladly repost that nasty picture again.
StreetsofBeige
Gold Member
If that's the case and PS is still way ahead of Xbox even with activision then what's the big deal? And sony has another 10 years of COD, so what else does Activision have that is so powerful under MS control it's going to unfairly beat PS?
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Topher
Identifies as young
You are just phrasing it wrong though. In one hour, Microsoft or ABK will be free to terminate the merger agreement. That's what it says.
bitbydeath
Member
Because the current contract would have expired.
StreetsofBeige
Gold Member
And that goes in every boardroom.
Every business meeting with sales, marketing and finance people discussing business strategy we all do the same. We literally have Nielsen product ranking charts on screen, discuss which competing SKUs to go after and do pricing, promotion and tactics to get those competing products so low they either quit or the sales guy tells the buyer to do it for us and take their products off the shelf. And it happens.
And the best result is knocking off enough products the competitor literally shuts down their brand and product lines entirely. We've done it to people. They've done it to us.
Topher
Identifies as young
No, because what I'm saying is what the termination clause says. It says nothing about any contract "expiring". You are using your own words and not what is in the agreement.
I'm not going to try to explain it any further. Read the merger agreement.
bitbydeath
Member
Why would they need to extend the contract then, if not for it expiring?
ArtHands
Thinks buying more servers can fix a bad patch
3liteDragon
Member
"we'RE gOnNA TakE thE FIGHt tO BIG TeCH!!", bunch of pussies, they're all part of the same uniparty anyway. Every one of them should get their asses primaried.22 House Republicans Call on FTC to Drop Opposition to Xbox's Activision Blizzard Merger
22 House Republicans Call on FTC to Drop Opposition to Xbox's Activision Blizzard Merger - IGN
More than 20 Republicans in the US House of Reps penned a letter to the FTC, urging the regulator to drop its antitrust case against Microsoft.www.ign.com
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
Who is saying unfairly beat PS? I said if I'm Microsoft execs I'd be expecting the last 3 years of purchases to make the Xbox brand clearly better than it was. And in turn that should help Xbox win back some market share (40% Xbox Series to 60% PS5) and increase Gamepass numbers to 40 million by the end of this generation.
You don't spend $80 Billion to stand in place.
bitbydeath
Member
As above, if the contract doesn't expire then why are they in discussions to extend it?
ArtHands
Thinks buying more servers can fix a bad patch
If this has any basis, the court wouldn't have grant them the win.
James Sawyer Ford
Banned
It has basis, the courts just don't care
FrankWza
Member
100%... What you're seeing now is BS spin after the balloon burst of it not being taken off of PlayStation. The 10 year deal keeps Microsoft from using it as leverage as well. That's not what people were hoping for.
StreetsofBeige
Gold Member
Cinderella time….. 45 min to go.
havoc00
Member
This deal has so many twists and what ifs and how did that happen etc
adamsapple
Or is it just one of Phil's balls in my throat?
I think the GP numbers are gonna be at or above 40 million just by the virtue of Live Gold being turned into Game Pass Core in a few weeks. So that part won't be a problem without needing to account for new sub sign ups in lieu of Starfield and/or Activision.
Topher
Identifies as young
Any of you guys waiting up till midnight to see if Phil Spencer and Bobby Kotick are going to turn into a couple of pumpkins are going to be waiting a while.
The merger agreement says the option for terminating the agreement begins at 11:59 PM Pacific Time.
Current Pacific Time is 8:20 PM. You've got about 3 hours and 40 minutes to go.
The merger agreement says the option for terminating the agreement begins at 11:59 PM Pacific Time.
Current Pacific Time is 8:20 PM. You've got about 3 hours and 40 minutes to go.
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havoc00
Member
I'm always up late so this is just icing on the cake lol
Kilau
Member
Nah, that's 3am here.
StreetsofBeige
Gold Member
What spin? A lot of gamers said cod will still be on Ps. It is. And it's now a 10 year deal.
So why would any PS gamer now be mad? You got Cod for another decade. It's not like anyone cared about any other franchise. It was about cod. You got it.
As I said before, if MS cuts the cord a decade from now and that unjustly hurt ps gamers go ahead. But right now there's nothing to substantiate that. And even the ftc and CMA dont think so either as the deal is being green lit by them. So even they don't see any issue or they would had blocked it.
As crazy as it seems, There's a bigger chance of activision canceling the deal due to timing than the feds.
adamsapple
Or is it just one of Phil's balls in my throat?
I thought Succession was already over.
Topher
Identifies as young
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feynoob
Banned
If Bobby terminates that contract, then Activision will get dozens of sexual harrasment lawssuit.
This deal has been shielding the company from bad press.
All the good returns that the company did will evaporate.
havoc00
Member
And? Imagine being in bed when you could have been on gaf when history was made
bender
What time is it?
bitbydeath
Member
Good to see you finally caught up.
Topher
Identifies as young
bitbydeath
Member
Yeah, was working off a post from hours ago, you got me there.
//DEVIL//
Member
It's 11:32 here in Ottawa. I am going to bed.
But I am expecting some sort of announcement to extend the deal or close it with CMA conditional approval on successful negotiation talk.
Not having officially announcing extention of agreement is -
- Not fair for the shareholders
- MS is risking Activision walking away. While it's highly unlikely, there could be another offer on the table for higher bid from another company like Tencent or whatever. Which is not in MS favor Not to have a formal agreed on extention.
This is my 2 cents anyway. bargaining meetings usually goes for hours back and fourth and it could be something being done as speak even with the CMA. Who knows at this point. But zero sense Not to have an agreement or sort before 12midnight
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