Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)
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Duchess
Member
That's what she said.
ToadMan
Member
This is MS we are talking about.
Their internal emails revealed the personalities there.
Right now they are working hard to get this over the line. MS want and perhaps even need this deal - they are going above and beyond to get it.
To watch that all come to nothing because ATVI chased more dollars juat as the game was in the final throes would really agitate MS. I mean really agitate them.
ATVI's rep would certainly be damaged. Look at the shit thrown at Sony for opposing this deal and ultimately concerns about Sony have been dismissed.
Imagine what would be said about ATVI if at the moment when the final obstacles were crumbling and the deal was going to be approved, ATVI chased money and pulled out. 100% of the blame for it failing lands with them - not regulators, or judges or Sony or anyone else. Just ATVI.
There would be a shit storm of negativity thrown their way by "that" section of the gaming fanbase.
All of the MS funded and/or lubed media would be constantly digging and picking away at ATVI. I mean the headlines would be epic - backstabbed and double crossed. Poor MS trying to bring cheap AAA games to gamers while evil Bobby snatched them back. Its bullshit but it's comforting bullshit. Peddle it enough and people believe.
That may be offset by people who don't want to see these kind of acquisitions go through but actually even they'd be losing out. This acquisition wouldn't have been stopped by regulators out of principle, just stopped by greed. The next acquisition would go unchallenged.
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IntentionalPun
Ask me about my wife's perfect butthole
So because EA has a concerningly high P/E... you think ATVI should sell for more?
lol
You can't just look at P/E like that. Way too many factors.
James Sawyer Ford
Banned
Because EA didn't have the workplace drama
And Bobby considers that to have never been an issue and nobody is talking about it anymore
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The Pleasure
Gold Member
James Sawyer Ford
Banned
Damaged in the eyes of MS
Not damaged in anyone else's mind
They'll get over it. It's business
Banjo64
cumsessed
Man you're like 6 alts rolled in to one.
Microsoft-Activision Deal Poised to Close Later Than Planned
Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t likely to close it by a Tuesday deadline, people familiar with the deal said.
www.bloomberg.com
Ginzeen
Banned
cope harder
Negotiator101
Member
While I think you're correct I wouldn't discount it entirely as we haven't heard of any extension to the merger. Would have thought some sort of leak about that would have emerged. Maybe Microsoft are closing the deal tomorrow and that's why, we'll see soon enough.
James Sawyer Ford
Banned
It's close enough, these are two very similar companies and in the same industry. Valuations are generally similar
Just look at most big tech or big oil as proof
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Banjo64
cumsessed
There's something wrong with the programming on this one boys.
And I wouldn't be surprised if ABK used the $3 billion to do a stock buy back, boosting share price further. Smart money will buy back-in after the small correction since ABKs output seems really strong in the near future. Retail investors panic selling won't move the price that much.
There is nothing to gain from ATVI shareholders right now by this deal closing other than their assets getting liquidated - and that not even at a proper premium - and forfeiting future gains. As a shareholder, I would take the $3 billion, do a stock buy-back, boost share prices, do some PR and media work to have a "deal with the market leader" again, announce support for the future Switch, wait for the share price to smoothly increase to $104 ATH again and go further, while slurping margaritas.
Ginzeen
Banned
either a close or a extension. I don't think they mentioned closing while investigating at the CAT? So probably an extension.
mrqs
Member
August then. This never ends.
Well, at least I can clean my head of all this stuff as it's for sure going to happen. Now time will do it's work.
GHG
Member
All this talk about how much activision's stock will fall on the slim chance the deal fails to go through.
There are massive put walls in the low-mid 80's for the expirations running all the way through to the end of the year. It's not going through those unless something comes out that is unrelated to the merger falling through.
So can it fall? Yes, and the initial reaction most likely would be a sell-off of some sort.
Will it fall by a significant amount? Highly unlikely.
There are massive put walls in the low-mid 80's for the expirations running all the way through to the end of the year. It's not going through those unless something comes out that is unrelated to the merger falling through.
So can it fall? Yes, and the initial reaction most likely would be a sell-off of some sort.
Will it fall by a significant amount? Highly unlikely.
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SportsFan581
Member
That's exactly what they would do, and you know what happens when the available shares start to pile up.
Varteras
Gold Member
Take it from me. Never assume you know the outcome. This has been a fucking roller coaster in the dark. Everytime you think it's about to go one way, or the end is near, WHOOOOOOSH! Off in another direction for more ride.
James Sawyer Ford
Banned
None of them would immediately dump their stock on the market.
This is a massively liquid company. The entirety of the shareholders were not looking to simultaneously sell out at the same time…unless MS was paying them a 50% premium to do so
Ginzeen
Banned
technicality they don't, but to avoid trickery, its better to make a extension.
GHG
Member
Told you guys Buffet was unloading:
Berkshire Hathaway cuts stake in Activision to 1.9% from 6.7% By Investing.com
Berkshire Hathaway cuts stake in Activision to 1.9% from 6.7%
m.investing.com
James Sawyer Ford
Banned
Technically Activision can walk away anytime after the 18th
They don't need an extension, but it makes zero sense for them to not pursue it
Kilau
Member
MS gave Bobby a pretty sweet setup, I think they did that because they know he's a snake. I think he personally will be better with this deal so he won't push any idea of walking.
SportsFan581
Member
Why would they leak an extension when the expiration date was one of the tools they were using to guide the proceedings toward the end result they wanted? "Time is of the essence" was certainly the sales pitch of the day today.
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GHG
Member
Microsoft-Activision Deal Poised to Close Later Than Planned
- UK veto will prevent closing by July 18 deadline in agreement
- Companies don't intend to walk away, will continue UK talks
Microsoft-Activision Deal Poised to Close Later Than Planned
Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t likely to close it by a Tuesday deadline, people familiar with the deal said.
www.bloomberg.com
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Astray
Member
For Microsoft's position, an extension provides peace of mind.
For Activision, having no extension might actually enhance their options here (need a lawyer to pitch in here pls), they can cut and run at any moment for 3bn or they can stay the course for 69bn.
Astray
Member
Whoever was saying that MS will absolutely close over the UK is a real clown.Microsoft-Activision Deal Poised to Close Later Than Planned
- UK veto will prevent closing by July 18 deadline in agreement
- Companies don't intend to walk away, will continue UK talks
Microsoft-Activision Deal Poised to Close Later Than Planned
Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t likely to close it by a Tuesday deadline, people familiar with the deal said.
MS has so much fear of a permanent UK block/divestment order that they're trying basically anything to get the deal through with "legal" and "friendly" means.
Kilau
Member
I just don't think Bobby cares about the $3B on a personal level. He makes out better joining MS. They could do an extension though if they are worried about Apple or Amazon coming in with a better offer but that's super unlikely.
StreetsofBeige
Gold Member
Redundancies happen. Also, it may not even involve it.
Since I left old company 10 years ago, my old coworkers have gone through two giant voluntary layoffs. And if not enough people take it, management then handpicks the rest to be fired. Most of the people gone are voluntary. And most of them were old people who were 50+ years old since they were all pretty similar being part of the 20+ year club getting giant packages to leave. As a ballpark rule of thumb, you get about 1 months severance pay per year of service up to a limit of about two years. At least in the industry I work in. Many of the people taking the package got a new job later in the year! Some retired as the package was that good and they were already in their 60s.
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adamsapple
Or is it just one of Phil's balls in my throat?
Microsoft-Activision Deal Poised to Close Later Than Planned
- UK veto will prevent closing by July 18 deadline in agreement
- Companies don't intend to walk away, will continue UK talks
Microsoft-Activision Deal Poised to Close Later Than Planned
Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t likely to close it by a Tuesday deadline, people familiar with the deal said.
Well there it is, we don't need to worry about Bobby walking away from the deal.
Negotiator101
Member
Well I don't know but sometimes these things come out. You think they are going to close the deal tomorrow?
GHG
Member
Pulling out isn't his strongest point.
James Sawyer Ford
Banned
Unknown Soldier
Member
I've actually seen the music video this gif is from and it's actually awesome
mayham2199
Member
How does Bobby make out better joining MS? He's currently the CEO of the Activison the company that makes the #1 selling video game for the past 10+ years? What is Microsoft offering that's better than that?
Negotiator101
Member
Varteras
Gold Member
Oh for sure. The tone of this particular tweet just suggests that people within MS are shocked at some of the layoffs. This may have fuck all to do with ABK. But I thought it worthy of bringing up, considering large acquisitions frequently lead to layoffs.
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kvltus lvlzvs
Member
Wow, Amazon swooping in would be something else. Microsoft is good at taking studios and destroying them, but there is no company on the planet that is more capable of absolutely and totally vaporizing an ip/studio like amazon. I'd actually pay to live in the timeline where Amazon bought Actiblizz, because it would tickle my corpo schadenfreude unlike anything else I could imagine.
Thank you for that.
SportsFan581
Member
Maybe, maybe not. Depends on how quickly MS and the CMA can get this deal together, remember that the CMA was actually okay with a super strict timeline.
I doubt MS would leave it open though, they would probably want a signed extension before the clock runs out, which is certainly possible.
mayham2199
Member
Didn't Bloomberg also report a deal with the CMA was done and ready? I also don't expect anyone to make it known they are walking away before hand. Don't want to give any reasons to try and sue to keep that 3 bil.
StreetsofBeige
Gold Member
At some point we'll find out the correlation between firings and Activision roles.
Kilau
Member
He's going to stay on doing that after joining MS, and if they dump him he gets a ton of money.
mayham2199
Member
He specifically said under oath he was only agreeing to this deal because of shareholders. I think this guy cares about being a CEO\boss not another Microsoft underling.
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