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

Do you believe the deal will be approved?

  • Yes, will be approved without changes.

    Votes: 221 24.9%

  • Yes, will be approved but with structural changes to ABK.

    Votes: 102 11.5%

  • Yes, will be approved but only with behavioral concessions.

    Votes: 262 29.6%

  • No, will not be approved.

    Votes: 301 34.0%
  • Total voters
    886
  • Poll closed .
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Bernoulli said:
yes
but they can just negotiate a higher price without walking out
Click to expand...
What would that do, though? Shareholders already approved a price. Also wouldn't changing the price change the deal? I think it's a bit more about gaining power and leverage. Bobby's probably asking Nutella to make him an executive.
 
"
On July 18, 2023, Activision Blizzard and Microsoft entered into an agreement waiving certain rights to terminate the merger agreement if the merger
has not been consummated prior to October 18, 2023. The terms of the agreement include an increase in the termination fee payable to Activision
Blizzard from $3.0 billion to $3.5 billion if the transaction is terminated after August 29, 2023, and to $4.5 billion if the transaction is terminated after
September 15, 2023. The agreement also includes amendments to Activision Blizzard's commercial Xbox arrangements with Microsoft, valued at up
to $250 million for each of fiscal years 2023 and 2024. The agreement further enables Activision Blizzard to declare and pay one regular cash dividend
for fiscal year 2023 of up to $0.99 per share, prior to and not contingent on the closing of the transaction. Please refer to our Current Report on Form
8-K filed on July 19, 2023 for further detail.
"


Meh. Bobby could have done better...
 
Last edited:
Yep there's the dividend as predicted:

GHG said:
Yep. Any extra time that their money has to be tied up in all of this while the stock has a glass ceiling is not a positive thing.

Sometimes when situations like this happen (an extension) the company will offer a special dividend to keep people satisfied and invested in the stock while things are still being sorted out.
Click to expand...
 
Bernoulli said:
Why?
Click to expand...
Lina Khan:

Singer Singing GIF by The Voice Australia
 
Ar¢tos said:
Oh boy... Here comes the herd of shills that only post in this thread when something happens to pat each others on the back..
Click to expand...

My man, this is a hilarious thing to say in light of your posts in the last couple of pages.

Relax. Don't start pointing fingers at others.
 
Punished Miku said:
Nothing happened because it's done. This is why MS worked out a backroom deal with the CMA, because they were out of time and couldn't start from scratch again. They needed to be able to assure Activision that this is done. Whatever MS and CMA discussed seemingly assured them. I don't have access to secret documents saying this, but we all saw the CMA tweet out 1 hour after the FTC and we all saw how the CMA acted in court. That's the only reason nothing has happened. It's over. They are going to let CMA work through their last few weeks of procedure and then finish it, and that way the CMA doesn't lose face, and MS doesn't have to deal with consequences of more aggressive actions. MS didn't tell me anything to believe; the CMA did, in front of a CAT judge while being grilled on it.
Click to expand...
That situation is no longer possible after the 17th's CMA at the CAT. The judge has instructed the CMA to evidence that it meets the necessary test, and only if it meets his the test in his opinion can the CMA continue down that path..
 
This also confirms the FTC were categorically stupid in bringing forward their PI considering they were scheduled to start the court process in August.
 
Astray said:
Is it actually confirmed to be that?
Click to expand...

Yep $0.99 per share.

It also seems like Bobby has put them on a clock, the breakup fee increases in increments towards October. 29th August is now the first deadline to look out for since that's when the first increase to $3.5 billion comes into effect.

Bernoulli said:
No way they accepted that
Click to expand...

There will be some disgruntled shareholders for sure.
 
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GHG said:
Yep $0.99 per share.

It also seems like Bobby has put them on a clock, the breakup fee increases in increments towards October. 29th August is now the first deadline to look out for since that's when the first increase to $3.5 billion comes into effect.
Click to expand...
He's running out of patience but doesn't want to ruin the deal while it still has a chance.

Very sharp of him imo.
 
GHG said:
This also confirms the FTC were categorically stupid in bringing forward their PI considering they were scheduled to start the court process in August.
Click to expand...
They got played again by believing rumors. Hell MS/AB walked into court and kept preaching how the 18th was killer.
 
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