Hindsight is 20/20.Realistically Microsoft could’ve waited a few more years for Activision to implode further.
I sorta expect this downward trend for them to continue until the deal is final and MS guts them to pieces (I find this necessary btw)
The stock price was on it's way back up after multiple scandal news hit which is likely why Bobby Kotick didn't want to sell... but nobody expected gaming to sort of tank so much this spring (US-centric, suck it!).
As brother @ethomaz said those scandals and their stock price taking a hit are the only reason the board (minus Kotick) were willing to sell in the first place.