Looking like this deal is going to fall through unfortunately (fortunately for some). I don't think some of the forum people realize that leaves MS with what 55-60 billion of cash to burn. Subtracting a few for penalties.
Even though I’m not a fan of this Activision deal as I said right when it was announced (because I think that Microsoft could have spent 70m$ better, Actiblizz doesn’t have enough value for that price), I hope the deal goes through. Because it not going through will probably put the final nail in the coffin of any potential acquisitions by Microsoft. Not only Microsoft themselves would be less willing to acquire someone, fearing that they will get blocked once again, it will also create this narrative for FTC, CMA, etc. that Microsoft is already big enough.
Some of my personal most wanted acquisitions:
Square Enix can be crossed out of this list. If ActiBlizz is blocked, Square Enix will get blocked as well. Because, you know, final fantasy players might switch to xbox.