Heisenberg007
Gold Journalism
By the way, has NZ cleared it? There was just no news about it. Their own website is so vague.
Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)
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PaintTinJr
Member
In a word, no.
He even said he would repeatedly push timelines back to get Microsoft to submit an offer to the CMA that was materially different, and not just a rehash of the same merger.
Him understanding that CoD needs to be structurally controlled by someone else is going to be a 50:50 if he verbally destroys the legal head of the CMA and just throws the whole thing back to a phase 1.
The judge was so angry because Mr Beard had misused the legislation of material difference/special reason in the collusion with the CMA, as the judge made it very clear, that is a determination for the CMA in the public interest, not grounds for merging parties to apply on at the 11hour to unravel 18months of CMA work to generate a final draft, and certainly wasn't going to make his ruling something that would get cited for that purpose.
It is all so uncertain, and going by the way the judge was reading the situation and putting conditions to the adjournment, Microsoft may lose the deal by their offer satisfying the CMA, but not satisfying the judge as adequate looking at it from third parties - like Sony - to not appeal the CMA decision and his ruling.
I suspect some high profile CMA person is going to be in trouble with the judge if Microsoft aren't actually divesting CoD, given that the judge locked in on that cornerstone of the draft.
Bernoulli
M2 slut
WHAT THE ACTUAL FUCKBy the way, has NZ cleared it? There was just no news about it. Their own website is so vague.
go in the documents part, and you will every letter sent by Green shills saying the deal is good for gamers
All anonymous documents
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supernova8
Banned
I thought the whole point of Xbox in the first place was to stop Sony from totally dominating the living room, which makes gaming (to Microsoft) more of a strategic play rather than purely a money thing. If you think of all the stuff Microsoft has quietly given up on/killed off over the years when it didn't perform as expected, it becomes clear that Xbox/gaming is a bit of a special case. They're obviously committed to Xbox/gaming.
Alex Scott
Member
This seems far more likely. There is simply a gentleman agreement between MS and ABK as of this moment.
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simdog461
Member
I mean that was the initial reason. But that ship has long since sailed.
Xbox was almost killed off/ sold off after the XBO reveal if not for Phil Spencer convincing Satya to go down the subscription route as their main play.
PaintTinJr
Member
They are not, they are committed to defending Windows' domination, and they control that via single platform proprietary DirectX. That's why DirectXbox has been exempt from all culls
feynoob
Banned
PaintTinJr
Member
Given the deal has survived the 18th of July deadline, the CAT judge is likely to feel angry about operating to Microsoft and Activision timelines - at the disadvantage of the CMA defending public interest.
You have to wonder if timelines are all going to get longer and more thorough now that date claim is no longer valid. I could see Mr Beard or Graben, or even the CMA solicitor phrase something marginally off, and a phase 1 restart will be the outcome for him to be satisfied that pubic scrutiny of the deal hasn't been tainted by the FTC situation.
You have to wonder if timelines are all going to get longer and more thorough now that date claim is no longer valid. I could see Mr Beard or Graben, or even the CMA solicitor phrase something marginally off, and a phase 1 restart will be the outcome for him to be satisfied that pubic scrutiny of the deal hasn't been tainted by the FTC situation.
Bernoulli
M2 slut
That would be the perfect outcome
Start phase 1 again in November
Activision will 100% walk away
roosnam1980
Member
hopefully LINA KHAN is fired
Alex Scott
Member
I don't understand this hate for her.
roosnam1980
Member
she is useless , all that talk and the FTC got bitchslapped by microsoft
Zheph
Member
She has a foreign name, that's the main reason
A lot of people are using the "US first" bullshit to defend this deal
MasterCornholio
Member
It took them a really long time to study the first deal. I don't see how the second one would take a couple of weeks to study.
Sounds like the CMA is trying to get the first deal through but with the changes that Microsoft is offering. I have no idea if that will work though.
Alex Scott
Member
FTC had a good case, but the execution of it was bad.
Makoto-Yuki
Banned
Seems like this shit show is going to drag on another few weeks at least.
Heisenberg007
Gold Journalism
Not her fault if the entire justice system is support Microsoft.
The FTC did a good job (far from perfect, but good job nevertheless) in unearthening various damning things and raised significant concerns that easily warranted an injunction.
The whole system, however, is corrupt, and the FTC could only do so much.
feynoob
Banned
It's her fault as she didn't think this through.
She is inexperienced in this field and is trying to chew more than she can eat.
Her moto is her downfall. Big corporations bad, sue them. That won't get you that far here in America. Even the CMA is folding like a pancake.
EU approach has been the only thing that has been good in this case. Get what the consumers want. That cloud approach will benefit everyone in the future.
PaintTinJr
Member
But such an agreement is costing ATVI shareholders interest on $3b per day if the deal eventually collapses in 6 weeks time via the CAT judge.
Unfortunately government is too intertwined with these companies. Add the fact that the only competitor is forgien and it was always going to be an uphill battle for them.
The EU approach hasn't even been explained. Their approach has been the worst.
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Alex Scott
Member
They still get 3 billion even if CAT judge collapses the deal.
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Bernoulli
M2 slut
Not her fault really, it's the USA system that's fucked up
Everything is about money
She is trying to get the FTC more power but big tech influence is too big
Just look at how the CMA bended over
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feynoob
Banned
The eu approach won't ask the license from MS.
If you own the game, you can stream it.
That is important for start up business, as they won't have to pay any fees to MS.
PaintTinJr
Member
Complete rubbish, she would probably get elected in the UK as PM with her clean cut, intelligent, principled and calm demeanour working in the public interest.
From across the pond, IMO the US system now seems to be repeating the pattern of history of when Britain became a temporary republic because the ruling class did so with zero concern of the masses, that eventually led to the schism of a planned new eutopia democracy in North America by those that had opposed the monarchy of the time.
Varteras
Gold Member
Bernoulli
M2 slut
No it's not, because all revenue from those games go 100% to Microsoft and start ups get nothing
EU approach has always been approve everything and fine them later
Zheph
Member
That McMahon gif (and the other with the chair) gets me each time ffsNo it's not, because all revenue from those games go 100% to Microsoft and start ups get nothing
EU approach has always been approve everything and fine them later
Bernoulli
M2 slut
Might wanna correct that bro....
ToTTenTranz
Banned
The FTC did a spectacular job on the research they did considering their resources and the fact that Microsoft handed then >1 000 000 documents with tons of crap to hide gems like emails among executives saying they will outspend Sony out of business, and getting Phil's lies out in the open about all future Bethesda games having their Playstation versions cancelled as soon as the acquisition went through.
Where they did fail was during the court sessions because apparently they're all a bunch of rookies in that situation (not enough money to pay for veterans), but I don't know if that would have made a difference considering how hostile the judge (whose son is a Microsoft employee) was to them from the start.
If you own the game. Who controls where you can own the game? It doesn't make sense to me and as I suspected they didn't put out their report for it.
The US simply doesn't block vertical mergers. She had no chance.
PaintTinJr
Member
But do they get the interest on the $3b between the July 18th and the date that might happen? If not, then ATVI shareholders are being short-changed by Bobby for that amount, and without sound justification for it because he had a conflict of interest of wanting his half a billion exit money from the merger succeeding.
Schmick
Member
It is god dammit!!!!!
Alex Scott
Member
Not courrput but completely incompetent.
FTC in Obama and Trump let too many mergers go through that should have been blocked.
And the Judges a lot of the times have sided with the corporations.
The merger between Time Warner and AT&T is a prime example. Whatever promises Time Warner and AT&T made
never paned out in the end.
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Alex Scott
Member
And look where the U.S has ended up. Too many industries in fewer and fewer corporations with no benefits to the consumer.
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Unknown Soldier
Member
Her FTC has been incompetent and useless.
MS was literally able to bait them into filing for an injunction by pretending they were going to close the merger even without approval from the UK.
ToadMan
Member
Money isn't free. While ATVI don't get the $3bn from Microsoft, they are in effect giving MS an interest free loan.
Unless MS is upping the purchase price, that is.
Shareholders should be blasting ATVI board and MS for that money right now and a new payout for the next date if the deal should still be blocked.
From right now, ATVI is not being recompensed for the handcuffs on it's business and also not able to act freely to increase the business value.
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Bernoulli
M2 slut
That's what she is trying to change
But corruption always wins with big tech
Bernoulli
M2 slut
Maybe they are making an announcement later today
Alex Scott
Member
And she is right.
This is one thing that I agree with the Biden admin.
Bernoulli
M2 slut
Would love to see that but after seeing the CMA crumble the last few days all i can say is that it's over
Big Tech now have more power than governments and regulators
Unknown Soldier
Member
Both parties are owned by the same corporations. When it comes to something like this, both parties are the same. The "two party system" is a sham when Microsoft controls both.
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Alex Scott
Member
If the wait is couple of days then I guess doesn't mean much.
But AT&T and Time Warner also extended the deal without increasing the price, making it more certain than ever compared to a month ago.
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When shareholders get no updates it means xbox gamers would be the least of their worries.
supernova8
Banned
The EU pretty much forced Apple to put USB C on its iPhones, which seems like a pretty major win. Wouldn't say regulators are totally dead yet.
Only question is whether Apple will get away with their shenanigans around slowing down transfer speeds for USB C cables that aren't "Apple approved" (ie where Apple wasn't able to get a cut).
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