Dodkrake would be able to say more once he has time. I just hear that they didn't like the July 24th starting date because it's after their final deadline for the deal.
Microsoft's acquisition of Activison Blizzard
- Thread starter Darth Vader
- Start date
Well, tough luck.
Nobody has to bow to MS.
This article gives a decent summary of the proceedings. They mention that the June 12 hearing could lead to the CAT deciding to rule early, but I can't verify how likely or accurate that is. Maybe an Idas post can clear things up if our old buddy Florian Mueller hasn't scared him off, lol.
www.eurogamer.net
Microsoft's appeal against UK Activision Blizzard block pencilled in for late July
Microsoft's appeal against the UK Competition and Merger Authority's decision to reject its Activision Blizzard deal ha…
www.eurogamer.net
Too early to say, but MS supposedly aren't very happy about the starting date the judge set. Then again the CMA legal team didn't do a very good job and they'll definitely need to improve by the next hearing.
OP
OP
Sorry lads, can't really put on a big post here. Tldr is that Microsoft tried to be funny by only providing documentation within 1 business day of today's hearing and wanted a massively compressed timeline to fit before the 18th of July. Judge did grant a compressed timeline, but the hearings will occur on and after the 24th of July.
With this decision it already went past the deadline set in the MS/Activision contract and Actvisions is seemingly getting cold feet. If they refuse to extend the deadline, it's dead.
It goes back to the CMA, which will block the deal demanding structural remedies.
July 18th. MS and Activision can renegotiate the deal but it seems Activision is looking at other options. If they don't get the deal done by then, and with this decision they can't, MS is required to pay up. If MS and activision decide to extend the deadline, then things keep going they way they are until the next deadline.
However, a renegotiation will probably increase the price MS has to pay for both the acquisition and the fee if th deal falls through.
I brought it up earleir in the thread but if the Comcast CEO is openly talking about buying ABK if this deal fails then i think Kotick is making the rounds on new potential buyers. Comcast CEO probably put up a trial balloon to see how the market/stock would react.
Ding dong the deal is dead.
There is no world in which an extension happens. ABK can read the writing on the wall. Microsoft is hopelessly inept and fumbling in the dark. Money can't buy you brains.
There is no world in which an extension happens. ABK can read the writing on the wall. Microsoft is hopelessly inept and fumbling in the dark. Money can't buy you brains.
That's exactly whay I was referencing but couldn't remember who it actually was.