Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)
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splattered
Member
Ain't no way this isn't going though now... Less than a month probably we can all move on from this circus.
Banjo64
cumsessed
Seeing that $5b fee, this is how I imagine it went between Bobby and Phil at the negotiating table:
Lol. Sony agreed to COD deal. They won't appeal anything anymore. Not to mention that only thing barring completion is CMA and their only worry is about cloud. They don't care about Sony anymore.
Makoto-Yuki
Banned
it's going to go through. everyone has agreed to it and now they just need to deal with the CAT/CMA. after that it'll be a done deal.
gothmog
Gold Member
The FTC now has time to determine what they will do. The deal closing was the whole reason they went with the PI. They can go to administrative court, win there, and then go back to Federal court with that win. Maybe in a different venue.
This extension is definitely not risk free.
Chukhopops
Member
We were so close to the first ever all-out war between a corporation and a country…
But ok I guess the extension works too, looks like this is in the bag sooner or later.
GHG
Member
Yep, amateur hour.
Lina Khan also alluded to the fact that it was her staffs decision to bring forward the PI, she should be firing everyone while also asking herself how and why she decided to let that happen.
However this deadline extension now affords her some time to put something new together, albeit into already muddied waters.
ToadMan
Member
oh. A little clue what is coming in the UK...
"
· Parent will continue to use its best efforts to consummate the Merger, and Parent may seek to pursue an agreement with the Competition and
Markets Authority of the United Kingdom to hold separate the Company or certain assets of the Company or to implement other lawful
alternatives to consummate the Merger, and the Company will continue to cooperate with Parent and use its best efforts to take all actions and do
all things necessary, proper or advisable and consented to by Parent in furtherance of such efforts, in each case, subject to the terms and conditions
of the Merger Agreement
"
"
· Parent will continue to use its best efforts to consummate the Merger, and Parent may seek to pursue an agreement with the Competition and
Markets Authority of the United Kingdom to hold separate the Company or certain assets of the Company or to implement other lawful
alternatives to consummate the Merger, and the Company will continue to cooperate with Parent and use its best efforts to take all actions and do
all things necessary, proper or advisable and consented to by Parent in furtherance of such efforts, in each case, subject to the terms and conditions
of the Merger Agreement
"
adamsapple
Or is it just one of Phil's balls in my throat?
Ah, so this confirms divestiture of service to a third party then ?
Can you link this document you're copying this from please ?
Varteras
Gold Member
Jokes on you. I'm requesting the mods transition this thread to the next acquisition topic when this is done. Buckle in, sweetcheeks. You ain't going anywhere.
The 94 price was an just an example for simple math not a tax lesson. See Buffet buying in at 77 or whatever and recently selling on the ftc news as an example.
The merger was announced ages ago so that price doesn't mean much. It's been in the 70s and 80s mostly since.
The smart money is on this being the top, at least in the short term.
In a month or two maybe it goes higher, maybe diablo begins to crater, maybe old cod games sales flaten, and maybe Kotick problems come back. Who knows. That's why you rake the $95. Imo anyway. If I knew for sure I'd have a lot more money
Interfectum
Member
"excited about bringing more games to more players everywhere"
Phil is such a snake-oil salesman...
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SSfox
Member
"excited about bringing more games to more players everywhere"
Phil is such a snack oil salesmen...
Phil is to gaming what Revolver Ocelot is to MGS saga. But without the charisma and class.
GHG
Member
Nah she needs to stay the fuck out of it. The CAT judge is having none of it.
ToadMan
Member
Sure, its the SEC filing from this morning.
https://investor.activision.com/static-files/ce7d717b-2eb9-4afc-9c33-0b3ac96a8a9d
and this is basically the same - it's the commercial agreements full version
https://investor.activision.com/sta...4afc-9c33-0b3ac96a8a9d#tm2321522d1_ex10-1.htm
Ar¢tos
Member
"excited about bringing more games to more players everywhere"
Phil is such a snack oil salesman...
He forgot the *
* except Bethesda games
Varteras
Gold Member
simdog461
Member
"Hey guys, since it's no longer urgent, we're going to do a full phase 1 and 2 investigation of your new deal. Buckle
Up"
DryvBy
Member
I don't get it. The lawyers in this room said they can just make the deal happen now and break the law.
Interesting, so the idea that it's Xcloud that will be divested doesn't seem to be what they're planning in first place.
It's the Company (aka Activision) or certain assets of the Company that could be kept separate in the UK.
Anyway it's all about the CMA. I wonder if the FTC will drop their case that was supposed to start on August 2nd. Given that Sony has signed a deal their case would be even weaker than it was during the PI.
gothmog
Gold Member
Why? Sony can just say that based on the information at hand they had to protect their brand. The agreement is for CoD, not universal approval of anything Microsoft does.
adamsapple
Or is it just one of Phil's balls in my throat?
Let them eat crow along with the analysts who were convinced Bobby will take the 3bn and walk away.
kvltus lvlzvs
Member
Phil is trying to destroy Microsoft!?!
Bernoulli
M2 slut
He destroyed xbox
D
Deleted member 848825
Unconfirmed Member
Repugnant isnt it.look at the wording.
is this guy a fucking robot or what? i hope so.
The whole irony for me. Is that with all of this saga, the mask slipping, the transparency given to us of the real motivations and continual lying. Unprofessional audacious and arrogant out bursts from the likes of Brad. Supporting spin narrative by all of these shills. Has only served to push me away from the Xbox brand, not draw me in. So well done Xbox!
Punished Miku
Gaslighter Pro: 16.7 Fireflops
There's no eating crow. One is easier than the other. Why do you all think CMA just flipped their stance overnight? This outcome is easier for MS and for CMA than the alternative. What do you think the alternative is? According to you all the CMA blocked the deal, and then just magically changed their mind for no reason.
adamsapple
Or is it just one of Phil's balls in my throat?
No.
roosnam1980
Member
ToadMan
Member
I'm not so sure. I think this implies they'll ask the CMA to let them close but "hold ABK separate" - ie ABK remain independent and no integration with MS is allowed.
And then while in that state, they can work out in slow time what to divest and to whom.
A similar situation occurred with Meta-Giphy and Illumina-Grail although they were both enforced after the mergers took place whereas here MS is saying they'll collaborate with the CMA to do it.
Yeah this is a good question now. The FTC may press on but it's difficult to see what angle they would argue over and even if (when) they won, what would the FTC do with that judgement?
They'd need to go to federal court again if they want to enforce any orders on MS. Their last effort in Federal court didn't go so well…
gothmog
Gold Member
Source?
ToadMan
Member
Hold separate is fine. It would mean ATVI is effectively independent still while in that status.
It's MS who wouldn't want that to be the situation for long.
Lupin25
Member
Where's
Heisenberg007
?
Was referring to this the other day. Thought there might be more concessions if they hadn't satisfied the CMA.
What they will be, remains to be seen…
Heisenberg007
?Was referring to this the other day. Thought there might be more concessions if they hadn't satisfied the CMA.
What they will be, remains to be seen…
What does that actually mean
GHG
Member
Wouldn't doing so would leave Microsoft in a vulnerable position?
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Punished Miku
Gaslighter Pro: 16.7 Fireflops
" termination fee, payable if Microsoft or Activision walks away from the deal, is now set at $3.5 billion if the deal doesn't close by August 29th, and it jumps to $4.5 billion if September 15th passes without a finalization."
Microsoft and Activision Blizzard extend merger agreement to October
Microsoft is reportedly proposing to sell off its UK cloud gaming rights to appease regulators.
www.theverge.com
They expect to close prior to August 29th. And it couldn't have been any easier to predict. CMA literally tweeted this out 1 hour after the FTC. All people had to do was just listen to what they're saying.
Heisenberg007
Gold Journalism
I was busy playing Rogue Legacy 2Where's
Was referring to this the other day. Thought there might be more concessions if they hadn't satisfied the CMA.
What they will be, remains to be seen…
Haven't caught up yet.What are the "concessions" you're referring to?
gothmog
Gold Member
If you think the changed financials for the extension was just given out of the kindness of Microsoft's heart I don't know what to tell you. Bobby didn't walk away but he certainly reminded them that the pot needed to be sweetened.
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The judge in the cmc the other day seemed to be trying to make sure that didn't happen. He didn't want this whole thing compromised anymore than it has been.
zapper
Member
an Italian site, which is often wrong.
they confused the share price which jumped from $95 to $96 and reposted that the deal would cost $96 billion. wrong.
how much did it go up then? a couple of billion?
Shanomatic
Member
So, what're the odds the CMA still doesn't accept whatever solution Microsoft puts forward? I don't buy for a second that the CMA has NO IDEA what it is Microsoft will suggest, nor do I think Microsoft would have agreed to an adjournment if they didn't have some assurances, but assuming both those counts are wrong then what's the over-under?
I'm fairly sure the CAT judge read some document or another that wasn't read aloud in the room that ultimately convinced him to grant the conditional adjournment, any guesses to what that would be?
I'm fairly sure the CAT judge read some document or another that wasn't read aloud in the room that ultimately convinced him to grant the conditional adjournment, any guesses to what that would be?
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