The Microsoft acquisition of Activision Blizzard is still not officially completed as both companies have agreed to “extend the merger agreement,” or delay the acquisition, until October at the latest so that negotiations can continue with U.K. regulatory bodies. But both companies are eyeing ...
This created a potential event-driven opportunity. If the deal did work out, you would be cashed out at $95 per share, a ~20% premium. In my previous postWarren Buffett’s Activision Merger Arbitrage Deal, I compared his bet to a credit card bonus for us mere mortals. It was small f...
Microsoft faced the FTC in court, defending its giant Activision Blizzard deal. On June 11th, a judge ruled in favor of allowing the deal to proceed, but the FTC might appeal and other hurdles still remain.
Microsoft and Activision have come to the decisionto extend their merger agreement to October 18. This is all due to the pending outcome of the UK negotiations. If you remember, the UK regulators initially blocked the deal, but they reconsider it after Microsoft won the FTC battle.Brad Smith,...
In a historic move, Microsoft has successfully acquired Activision Blizzard. This acquisition, whichfinally endedfollowing a series of negotiations, legal battles, and regulatory reviews, brings multiplatform franchises like Call of Duty, Diablo, Overwatch, Crash Bandicoot, and more under Microsoft’s ...
Microsoft has said it wants to keep Call of Duty on PlayStation, and Xbox Gaming CEO Phil Spencer's recent testimony at a court hearing over the Activision merger adds more weight to this assertion. The evidentiary hearing has been a boon for information on the Xbox busi...
“considering how the transaction might be modified in order to address those concerns in a way that’s acceptable to the CMA,”according to Brad Smith. That said, the CMA thentold The Vergeon Wednesday that it could potentially begin a new merger investigation if Microsoft and Activ...
“The CMA has decided to give Microsoft Corporation (Microsoft) consent to acquire Activision Blizzard, Inc. (Activision) (the Parties) excluding Activision’s cloud streaming rights outside of the European Economic Area (EEA) (the Merger) subject to the condition ...
Serkan Toto of consulting agency Kantan Games told AFP that the timing of the announcement was "clearly a publicity stunt" linked to ongoing negotiations over the Activision purchase. Nintendo's Switch, which was launched in 2017, had more than 110 million users in the past year. ...
Despite that, the CMA went on toissue a notice of extensionfor its overall investigation into the deal, moving the date for a final order from July 18th to August 29th. Microsoft is hoping to close its Activision deal by its July 18th deadline, but it’s possible we’ll see a small ...