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Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)

Do you believe the deal will be approved?


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why did sony wait until after the deadline of the appeal to make their show 🤔

you can't enter new evidence after the appeal right?

Not Gonna Happen No Way GIF by FaZe Clan


Don't think the two are related to be honest. Sony just tends to announce their dates a bit closer to the event.
 

sainraja

Member
This means nothing since they are contractually obligated to show support for the acquisition. If Activision fails to show support for the acquisition and the acquisition fails, then Activision has to pay money to Microsoft. It is in their best interest to show support for this acquisition regardless of whether they bow out of the deal or go all in.
Yeah but it is easier to show support for something that you want happening...
 

Thirty7ven

Banned
I edited my comment with more details. I don't know how law works in England. But in the US, the appeal periods typically run from the time of final judgments / orders. And the notice of order invited feedback until June 19th. Reuters may have insight not apparent in those documents I skimmed, but if they skipped a step (notice of final order period) they may have gotten it wrong, with the 30 days running from the date of the final order that issues after June 19th.

I am completely against the deal, but those docs seem pretty clear.

The final order is final I think, MS have to appeal now not after.



Breaking

A formal appeal will be filed with the Competition Appeal Tribunal by Microsoft and Activision Blizzard by the end of Wednesday, Sky News understands.”​

 
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PaintTinJr

Member
huge PR tweets incoming about how they want competition, that UK is closed for business and that cybersecurity is at risk
Seems odd we don't have an official one. Even this from Sky News was an article talking about later, but seemingly wasn't posted until after the deadline had past (at 17:18)

I've got a feeling they've noped out and they just want to get to the end of the day's trading before the news officially breaks. Tomorrow Sony's shares will be up because of the showcase, and in Microsoft and Activision's case it would be a quintessential "Good day to bury bad news" as a New Labour person famously coined.
 
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X-Wing

Member
Seems odd we don't have an official one. Even this from Sky News was an article talking about later, but seemingly wasn't posted until after the deadline had past (at 17:18)

I've got a feeling they've noped out and they just want to get to the end of the day's trading before the news officially breaks. Tomorrow Sony's shares will be up because of the showcase, and in Microsoft and Activision's case it would be a quintessential "Good day to bury bad news" as a New Labour person famously coined.
They have nothing to lose by appealing. They probably just learned that provocative statements won’t help their case and are keeping it low profile.
 

Bernoulli

M2 slut
Seems odd we don't have an official one. Even this from Sky News was an article talking about later, but seemingly wasn't posted until after the deadline had past (at 17:18)

I've got a feeling they've noped out and they just want to get to the end of the day's trading before the news officially breaks. Tomorrow Sony's shares will be up because of the showcase, and in Microsoft and Activision's case it would be a quintessential "Good day to bury bad news" as a New Labour person famously coined.
They have nothing to lose by appealing. They probably just learned that provocative statements won’t help their case and are keeping it low profile.
they lose time and they can't make other big aquisitions
and defying regulators will result in more agressive regulators for their future buys
 
Well I'm sure we will hear something directly from Microsoft soon.

Edit: Like an official press release or something on twitter.

Microsoft, which declined to comment further on Wednesday afternoon, and Activision are expected to make further statements after the appeal is formally filed.

I guess we are just waiting then.
 
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They have nothing to lose by appealing. They probably just learned that provocative statements won’t help their case and are keeping it low profile.
Xbox have plenty to lose. They could be focusing on righting the ship, but right now they wouldn't be and is delaying it further.

It's like trying to save a failed marriage, just get over it so you can move on.
 

X-Wing

Member
Xbox have plenty to lose. They could be focusing on righting the ship, but right now they wouldn't be and is delaying it further.

It's like trying to save a failed marriage, just get over it so you can move on.

I mean... Appealing doesn't stop them from making games... They are already extremely late though and indeed acquiring Activision would be an easy fix for that.
 
I mean... Appealing doesn't stop them from making games... They are already extremely late though and indeed acquiring Activision would be an easy fix for that.
That is where you are wrong. At this point we have enough info to know what is going on, why the games were struggling to be made. it isn't that the studios are bad, it is that Xbox is forced to fire and rehire staff every year and a half on contracts and with mostly no full time employees. This is not Xbox decision but Microsoft HR policy. It saves money from employee benefits but destroys game studios and make their production die on the vine.

Activision would not survive any better.
 

X-Wing

Member
That is where you are wrong. At this point we have enough info to know what is going on, why the games were struggling to be made. it isn't that the studios are bad, it is that Xbox is forced to fire and rehire staff every year and a half on contracts and with mostly no full time employees. This is not Xbox decision but Microsoft HR policy. It saves money from employee benefits but destroys game studios and make their production die on the vine.

Activision would not survive any better.

I imagine you have a point but I must admit you are failing to make it come across.
Appealing or not will have zero impact on that, that is how Microsoft operates and Xbox is Microsoft.
Activision may have to operate in the same way in the future but right now, if the deal was to pass, Microsoft would secure something that they lack - content. That is their entire point.
 

Ar¢tos

Member
I imagine you have a point but I must admit you are failing to make it come across.
Appealing or not will have zero impact on that, that is how Microsoft operates and Xbox is Microsoft.
Activision may have to operate in the same way in the future but right now, if the deal was to pass, Microsoft would secure something that they lack - content. That is their entire point.
Appealing will have impact elsewhere. By appealing MS continues to be blocked from doing acquisitions until the new CMA result (if the CAT does send it back to the CMA). That can take a full year.
 

Elios83

Member



But I thought Microsoft didn't need the CMA and were going directly to Rishi Sunak and Hulk Hogan to wave it through?


I'm shocked as well :messenger_tears_of_joy: Florian stated that either the decision would be reversed immediatly with no appeal thanks to Microsoft ordering the PM to order so, or that reversing the decision was pointless because Microsoft would just leave the UK or keep Activision as a different entity just in the UK.

Instead it seems they had to appeal like every company not above a law and that there is no way to end this legally anytime soon and in July they will have to decide what to do.
Shocking development.
 

Bernoulli

M2 slut
I'm shocked as well :messenger_tears_of_joy: Florian stated that either the decision would be reversed immediatly with no appeal thanks to Microsoft ordering the PM to order so, or that reversing the decision was pointless because Microsoft would just leave the UK or keep Activision as a different entity just in the UK.

Instead it seems they had to appeal like every company not above a law and that there is no way to end this legally anytime soon and in July they will have to decide what to do.
Shocking development.
but the pressure is destroying the CMA!
 

PaintTinJr

Member
The deal will be dead before the appeal would even be reviewed by CAT. Both companies are fulfilling the 'trying our hard' part of the contract.
I think there might be a few things in play.

Interest on $3b for an extra month is clearly good for Microsoft, but at the expense of the entire company being prostrate for making moves, and it means ATVI remain prostrate too which probably isn't good for Microsoft's exit relationship with ATVI, when they are fighting competitively in the US/UK with PlayStation on CoD, but nowhere close in the rest of the world, and keeping ATVI prostrate for no chance of success helps PlayStation strength their ties with CoD come July's exit.
 

Pelta88

Member
"Let my acquisition go, brother!"

Breaking: Hulk Hogan spotted in the CMA offices

hulk-hogan-pointing-while-speaking-xxp7ew6q752jv5q9.gif


I'm shocked as well :messenger_tears_of_joy: Florian stated that either the decision would be reversed immediatly with no appeal thanks to Microsoft ordering the PM to order so, or that reversing the decision was pointless because Microsoft would just leave the UK or keep Activision as a different entity just in the UK.

Instead it seems they had to appeal like every company not above a law and that there is no way to end this legally anytime soon and in July they will have to decide what to do.
Shocking development.

The crazy thing is that none of what you said is jest. He said all of that in one way or another since the deal got blocked.
 

DeepEnigma

Gold Member
Appealing will have impact elsewhere. By appealing MS continues to be blocked from doing acquisitions until the new CMA result (if the CAT does send it back to the CMA). That can take a full year.
And it also prevents Activision from doing any marketing deals as well. Which then may come down to investor concern come this July on future titles not already under contract.
 

Thirty7ven

Banned

Reuters have reported the official statement confirmation from Microsoft, but the article is so light I could only get it through the MSN source, I couldn't find a Reuters original.

We won’t know the contents of the appeal until CAT makes a decision I think?

Either way MS is probably already talking with ABK about what to do because there’s no way they get approval before the contract times out.
 

DJ12

Member
We won’t know the contents of the appeal until CAT makes a decision I think?

Either way MS is probably already talking with ABK about what to do because there’s no way they get approval before the contract times out.

Why does their press release sound exactly like the drivel their shills have been coming out with..... oh yeah rofl

Anyway, they mention nothing that meets any of the criteria ie the decision being irrational or any of the others, just they don't like the result and other people believe their bullshit, so I guess this is merely a box ticking exercise and will be denied if Activision don't pull the plug in July.
 
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Kilau

Member

Why does their press release sound exactly like the drivel their shills have been coming out with..... oh yeah rofl

Anyway, they mention nothing that meets any of the criteria ie the decision being irrational or any of the others, just they don't like the result and other people believe their bullshit, so I guess this is merely a box ticking exercise and will be denied if Activision don't pull the plug in July.
I love how the approval from Ukraine is highlighted, like they don’t have bigger shit to worry about lol.

I do wonder if none of these other countries had any concerns or just were worried about MS isolating them or knew their approval wasn’t really necessary so just rubber stamped it.
 

Solidus_T

Banned
huge PR tweets incoming about how they want competition, that UK is closed for business and that cybersecurity is at risk
I have a feeling that the threats they made against the UK won't help with the appeal, not that it was likely to go through in the first place...
 
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