bitbydeath
Member
The next big thing is ABK's decision to renew / ask for more money. Should be today or tomorrow.
Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)
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mayham2199
Member
That's just the amount of time the judge gave them. CMA seems ready to close this ASAP.
StreetsofBeige
Gold Member
Faster the better. MS unleashed their batch of Bethesda games on GP right after the deal officially closed.
The longer it takes, the longer I wont be able to play MW2 or MW3 with an ACR calling in pred missiles and choppers. lol
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havoc00
Member
I want off this ride
GHG
Member
Varteras
Gold Member
Gambit2483
Member
mayham2199
Member
Haha nice. I have GP but this deal currently brings over nothing that I care about. I'm still making my way through Yakuza, currently on the last one right now.
James Sawyer Ford
Banned
Activision has been awfully quiet
I have no clue why they wouldn't just outright reject the deal after the 18th.
EA is currently trading at a higher valuation (48 vs 40 P/E). We are a far cry away from early 2022 when the deal was announced. ATVI is probably trading around fair market value.
In other words, Microsoft is getting a deal by not needing to pay a premium
I have no clue why they wouldn't just outright reject the deal after the 18th.
EA is currently trading at a higher valuation (48 vs 40 P/E). We are a far cry away from early 2022 when the deal was announced. ATVI is probably trading around fair market value.
In other words, Microsoft is getting a deal by not needing to pay a premium
mayham2199
Member
I don't think there's any real chance that ABK walks away after the 18th but it would be crazy if they did.
havoc00
Member
US FTC eyes options after Microsoft/Activision loss, source says
WASHINGTON, July 17 (Reuters) - The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end.
After a big loss last week in district court, the agency's remaining options are: pursue its fight in the internal FTC court; pursue its parallel case before the appeals court; pursue both; or settle with Microsoft or drop the matter entirely.
The source, who is familiar with the matter, declined to give any other details.
The acquisition could fundamentally reshape the console market by giving Microsoft access to Activision's programmers, who have pumped out hits like the "Call of Duty," "Diablo" and "World of Warcraft" series.
U.S. regulators, however, have said it could harm consumers by possibly limiting the reach of Activision's games.
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US FTC eyes options after Microsoft/Activision loss, source says
The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end.
www.reuters.com
93xfan
Banned
Exactly why they were stupid not to just close on Saturday. How long will MS continue working with these buffoons?US FTC eyes options after Microsoft/Activision loss, source says
WASHINGTON, July 17 (Reuters) - The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end.
After a big loss last week in district court, the agency's remaining options are: pursue its fight in the internal FTC court; pursue its parallel case before the appeals court; pursue both; or settle with Microsoft or drop the matter entirely.
The source, who is familiar with the matter, declined to give any other details.
The acquisition could fundamentally reshape the console market by giving Microsoft access to Activision's programmers, who have pumped out hits like the "Call of Duty," "Diablo" and "World of Warcraft" series.
U.S. regulators, however, have said it could harm consumers by possibly limiting the reach of Activision's games.
US FTC eyes options after Microsoft/Activision loss, source says
The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end.
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havoc00
Member
This thing will never F'n end I swear
mayham2199
Member
No cause then they'd be in court this morning with the judge ripping them a new one. They can still close even if the FTC pursues this.
DeepEnigma
Gold Member
You can probably knock at least 8% off the share price if they walk.
But yes, Activision is not a struggling company.
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James Sawyer Ford
Banned
It would seem crazy
But rationally it is not crazy. The only crazy thing would be if Microsoft didn't have to pay up to extend
The Last One
Member
Nice. I hope this take as long as possible.
Astray
Member
Because no one sneezes at 69bn?
DryvBy
Member
Let's face it, do any of us chatting daily about this want it to end?
adamsapple
Or is it just one of Phil's balls in my throat?
James Sawyer Ford
Banned
That's a far cry from a 40-50% premium, is it worth it to shareholders to be forced to sell?
Pipoqueiro
Member
CMA in the first decision said that there is no way to fix the thing because it is difficult to supervise solutions in the future, the easiest thing is to block; For me it remains difficult for microsoft to reverse the CMA decision out of court
Of course, there is always the possibility of bribery
Of course, there is always the possibility of bribery
DeepEnigma
Gold Member
I am sure there are other incentives for them outside of just share prices.
James Sawyer Ford
Banned
They already have roughly 68 without Microsoft needing to purchase them
gametimedecision
Gold Member
You guys think after all this Microsoft doesn't just offer a sweetener to make sure they get the extension.
This idea of them walking away now kinda seems like copium but this has been a wild ride so the most unlikely thing is probs what happens.
This idea of them walking away now kinda seems like copium but this has been a wild ride so the most unlikely thing is probs what happens.
havoc00
Member
I mean its at the point now where its becoming a bit tiring, hopefully we get some theatrics soon like Bobby showing up to court in his copter and ascending down the rafters like sting
adamsapple
Or is it just one of Phil's balls in my throat?
And they will add 68 more, why would they say no to such a huge payout in favor of a comparatively minuscule one ?
makes absolutely no sense.
James Sawyer Ford
Banned
It's not copium for Activision to want a better deal after the 18th
They wouldn't be acting in the shareholders best interest
EA is trading much higher on valuations right now
James Sawyer Ford
Banned
What are you talking about, adding 68 more? Their market value right now is close to what MS offered
Is Microsoft now offering 136B?
HeisenbergFX4
Member
FTC is likeUS FTC eyes options after Microsoft/Activision loss, source says
WASHINGTON, July 17 (Reuters) - The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end.
After a big loss last week in district court, the agency's remaining options are: pursue its fight in the internal FTC court; pursue its parallel case before the appeals court; pursue both; or settle with Microsoft or drop the matter entirely.
The source, who is familiar with the matter, declined to give any other details.
The acquisition could fundamentally reshape the console market by giving Microsoft access to Activision's programmers, who have pumped out hits like the "Call of Duty," "Diablo" and "World of Warcraft" series.
U.S. regulators, however, have said it could harm consumers by possibly limiting the reach of Activision's games.
US FTC eyes options after Microsoft/Activision loss, source says
The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end.
gametimedecision
Gold Member
And why do you think Microsoft would be so unwilling to give them a slightly better deal? Just because it was hard to get to this point? They are nearing the finish line.
mayham2199
Member
Really the only thing that makes me suspect it could happen is that no deal extension has been mentioned in fact I think it's been confirmed no deal is in place. On top of that MS seems to be pushing hard to get this closed before the 18th. Even the CMA was trying to finish their end by tomorrow and the judge had to tell them to relax.
X-Wing
Member
Microsoft are the buffoons.
SportsFan581
Member
So true. Clearly everything that has transpired between the deal acceptance and now has proven how easy it will be to get this deal past the regulators. Not to mention suitors for $70b+ buyouts are just hanging on trees all over the place.
Seriously though, I think the deal should have been easy to clear just because ABK doesn't represent a big enough piece of game publishing to matter, nor would any potential new owner of the content hold a percentage of game publishing after combining with ABK that would traditionally be viewed as monopolistic. But clearly the regulators don't share my opinions on this. LOL
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DeepEnigma
Gold Member
I mean, if I were a shareholder, I would want a better one with all the leverage they currently have.
havoc00
Member
FTC cant do tons right now thoughFTC is like
Their internal court will take months to decide and has no power, it's only a recommendation.
The appeal will fail, it's incredibly hard to get 3 judges to side against 1 judge on the basis of that 1 judge applied the law wrong, especially after those 3 judges just slapped down FTC's motion for stay so easily and they need it to be a 2/3 decision.
They could appeal to the supreme court which would be fucking hilarious.
adamsapple
Or is it just one of Phil's balls in my throat?
Oh I misunderstood your post, but my point still stands. It makes absolutely no sense for Bobby to cut off and run with 3B at this point.
FTC is like
FTC also be like
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GHG
Member
If they are buffoons then what exactly are you worried about?
Ronin_7
Member
Activision ain't walking away for 2 reasons:
1 - Booby wants retirement already & parachute, dude has done it's job, saved Activision in 1991 from Bankruptcy, it was bought 500.000$ and it's being sold for 69B.
It's time to enjoy life, working is Trash.
2 - Parachutes to all the other Higher ups that Bobby likes
1 - Booby wants retirement already & parachute, dude has done it's job, saved Activision in 1991 from Bankruptcy, it was bought 500.000$ and it's being sold for 69B.
It's time to enjoy life, working is Trash.
2 - Parachutes to all the other Higher ups that Bobby likes
Mr Moose
Member
Working with...?
MicroSoft, you buffoons! The FTC are against you! Stop working with them to block the deal!
DeepEnigma
Gold Member
James Sawyer Ford
Banned
Why not?
If I have complete ownership of a company, a 5-10% premium over current market value is not worth it.
Unless Microsoft extends and buys at a much higher price per share than $95, I'd totally walk
Shareholders will be forced to liquidate all holdings for capital gains and relinquish control over the company
That's a bad deal
mayham2199
Member
IMO for Bobby it makes the most sense for him to leave. He specifically said under oath he's only agreeing to this deal because of shareholders and his responsibility to them. I think that guy cares more about being a powerful CEO of one of the top gaming companies in the world more than he does about money. If MS has to rely on Bobby for this deal to continue past the 18th then I can see why they are going around begging everyone to be quick about their decisions.
adamsapple
Or is it just one of Phil's balls in my throat?
Penning the script for Moneyball 2: Money Monier.
PharaoTutAnchAmun
Member
James Sawyer Ford
Banned
The suitor is the free market. They can go on their brokerage account and sell at a close price to what MS is offering. Their valuation won't go down much if the deal falls through
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Pop
Member
Did Bobby tell you that? Don't be surprised if Bobby takes that 3 Billion and remain independentActivision ain't walking away for 2 reasons:
1 - Booby wants retirement already & parachute, dude has done it's job, saved Activision in 1991 from Bankruptcy, it was bought 500.000$ and it's being sold for 69B.
It's time to enjoy life, working is Trash.
2 - Parachutes to all the other Higher ups that Bobby likes
James Sawyer Ford
Banned
I don't think it would be slight. They'd need to pay $120/share or more to reflect an acceptable premium over the current market
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