Yeah I'm wondering how long the process went and who else was asking what as there was a lot of selective editing on the clips
Edit: I found the full hearing listening now
View: https://www.youtube.com/live/1OQ5T9D9jbE?feature=share
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Edit: I found the full hearing listening now
View: https://www.youtube.com/live/1OQ5T9D9jbE?feature=share
well if everyone thinks it hinges on the CMA, maybe only 3 days
Cma report is due by the 26th
Also it would appear MS is not abandoning the merger to save $500M as today is the deadline for that outside date extension.
i'm aware they can send out the report earlier but: doubt
That's a deadline not the guaranteed day that they announce things.
Friday is when I believe they'll announce, EU in next 2 weeks
Might be worth getting some calls expiring Friday afternoon. The $87.50's are about $0.20. If the CMA approves, the stock probably moves to $90, giving a 10:1 return on those calls.
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If MS received the remedies working paper by the end of last week (Thursday or Friday), they legally have 5 working days to answer (Thursday or Friday of this week). There is not enough time to publish the final report after that.
Next week makes more sense for the final report from the CMA.
On the other hand, ABK announced yesterday that they will release financial results for the first quarter of 2023 on April 27th. That means that next week will have:
- On April 25th financial results from MS
- On April 26th final report from the CMA
- On April 27th financial results from ABK
- On April 28th decision from New Zealand
Not bad!
It is a reasonable answer to a question that is very skewed to begin with. They are not "siding" with Sony, just because they are scrutinizing the deal and taking further actions, like putting it in their administrative court.
The FTC aren't biased towards Sony and they aren't in anyone pockets. However it's clear to me that Khan has something against the deal, because of her problems with big tech and not because she only looks at the facts. I also think her dodging the question, regardless of the intention of the person stating the question, isn't reasonable or a good look.
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If we are talking about skewed statements I think we also need to refer to the dubious theories of harm and market definitions that the FTC has been employing to gum up the works of business transactions for ideological reasons
Yeah, I am not saying anything about that. I am just stating that the question she got was nonsense and she answered it reasonably. People can dislike Khan how much they want, but at least do it when it is reasonable :P.
What does that have with the answer to the question she got?
I just want to thanks you once more for the knowledge you shared and the timelines you provided. This is a learning process for a lot of us and your contributions were very valuable to me.
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“Exceptional” CMA move aims to mitigate appeal risk in Microsoft/Activision Blizzard merger, say lawyers
As a 26 April deadline for the UK’s Competition and Markets Authority (CMA) to rule on the Microsoft/Activision Blizzard merger approaches, with a source involved in the process expecting the watchdog to issue its final … “Exceptional” CMA move aims to mitigate appeal risk in...www.equityreport.co.uk
- Final report coming on April 26th or the day before.
- The addendum to the PF, something "exceptional" and "very unusual", was probably done to mitigate the risk of a third party (Sony) questioning the final decision. The CMA could have just dropped the theory of harm but without a detailed explanation about the change, that could have opened the door to a complaint about procedural irregularities.
- One lawyer expects the CMA to impose behavioural remedies.
- The same lawyer believes that an appeal by Sony is unlikely to succeed.
If Sony were to launch an appeal, could that delay MS' closure of the deal?
Obviously I am not Idas but from previous comments, not really. The deal wouldn't be prevented from closing but it does make the timings even more complicated cause the appeal will complete it's process after the EC decision.
From what I understand the answer is no it wouldn't but I'm sure Idas has more insight on that.
I am pretty sure the appeal wouldn't affect anything else, and no it would not prevent it from closing. In theory if the appeal won, they would redo the process again with the appealed verdict for whatever was successfully argued (misuse of something or another) while the deal likely already closed.
If they did the whole process again and decided to block it, then Microsoft and ABK would have to unwind. However, it's a basically nonexistent scenario. Sony isn't going to appeal anyways either.
Sounded like that was the first time that politician had ever laid eyes upon the question. I wonder who wrote it. And also Kahn's answer to it was total BS. "We're just ollowing the facts". I laughed.
Nice, finally some new info. Sounds like it's getting approved.
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No, the appeal wouldn't have a suspensory effect. Sony could try the suspend it, but it's not easy to argue. More info here, in the last comment.
The report only talks about third party risks, nothing about the merging parties (MS/ABK)
MS wouldn't appeal that a theory of harm has been dropped :P
Idas, does MS need the SAMR approval to close the merger? It seems that they are being slower than expected due to geopolitcs. I think they paused an Intel investigation recently
Very good for them in the UK, which was the one area of the world that appeared to be an impediment to the deal getting done.
Sounds to me that the CMA is preparing to go for behavioral remedies… nice
Im curious what they'll agree on in the end.
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They need the CMA, EC, SAMR and the FTC to properly close.
One way or another, the CMA, EC and SAMR will be very likely done during May.
For the FTC, I think that the timing of the CMA and the EC is more relevant because MS will offer the FTC any remedies that could have been accepted by both regulators. So, if by early May the EC and CMA have approved the deal, MS could start talking with the FTC about a possible agreement.
SAMR is likely a matter of time. I would expect a decision in late May or maybe early June, if there is an extra delay.
Yeah but isn't FTC in the "we don't even want to talk to you we just want to block" stance at the moment. Or is that just a stance they can take like back in December but now actually have to negotiate
I'm no expert but this feels like the beginning of the end. Like the first episode of the final season maybe?
Rod Fergusson teased a big announcement for tomorrow. If they're that confident a deal will be done by June 6th it's not impossible.
Did you read the Xbox manga? Can you confirm if (ABK on MS spoiler)World of Warcraft comes to Gamepass?
They may change it for this anime adaptation but it's been faithful so far.
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Sorry i didn't want to be spoiled ! Maybe someone else Can answer hahaha 😂
Gonna spoil it for you then - World of Warcraft MAY be coming to Gamepass. See? You should have read the manga like all of us years ago.
(I was making a joke response to the AOT reference but I promise my spoiler wasn't an AOT spoiler lol)
Hahaha damn! Such a crazy ending !
Don't worry i know and i read it already since it released hahaha ( i m talking about aot x) )