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[Ryuu96]

the-pi-guy said:

Ryuu96 said:

Idas said:

I just checked the last 3 pages and I think that this hasn't been shared yet?

This is from today, an interim order from the CMA restricting MS and ABK from acquiring an interest in each other.

Except with the prior written consent of the CMA, Activision (and Microsoft) and all members of the Group of Interconnected Bodies Corporate to which it may belong must not:

1. (a.) acquire an Interest in Activision/Microsoft or any of its Subsidiaries;
2. (b.) acquire an Interest in an Enterprise holding an Interest in Microsoft or carrying on the business of Activision/Microsoft from time to time; or
3. (c.) hold an option to acquire an Interest referred to in subparagraphs (a) and (b) above.

Part of the process until there is a final determination.

____

Microsoft can't acquire a minority interest in Activision-Blizzard-King now. It was published today, coincidentally after news of the EC approving. Feels like CMA is making their "NO" very clear. They ain't going to give a shit what EC says.

I feel like Ida's last line there suggests this is typical. But maybe I am reading too much into it.

Yeah but I'm confused. CMA already issued their determination, a block. Microsoft hasn't yet officially appealed to CAT.

So what is the final determination? Is it CMA assuming Microsoft will appeal to CAT? Is it the date of when Microsoft officially stops trying to acquire Activision-Blizzard?

Either way, I'm surprised that CMA can actually stop Microsoft from acquiring even minority shares in ABK, even if it's only during the course of the regulatory process. Like fair enough "You can't acquire shares which would give you a majority voting right" or something like that but no shares at all? Seems a bit extreme.

Last edited by Ryuu96 - on 11 May 2023