Ryuu96 said:
Well, the 18th date isn't a "drop dead" date but just a date wherein Activision can beyond that point, pull out of the deal, for any reason they want to, whenever they want to, and still pocket the $3bn. Not really in ABK's interest to do that right now, they'd lose more value from the stock plummeting from the current $91 a share than they'd gain from Microsoft's $3bn. They can come to a sort of "gentleman's agreement" to just keep going for the next few weeks without re-negotiating a new acquisition fee and breakup fee. If it goes beyond that though, like months, then yeah, they'll likely re-negotiate new fees. |
I think it's more likely that a new deal would value Activision lower than the existing proposed purchase price, rather than higher. Tech stocks have bounced back a good bit over the last few months. But, the general environment around tech is much less favorable than it was at the time this deal was made. Also, any proposed purchaser, such as Microsoft or another big tech player, can now see that the deal will be difficult to get across the finish line. So that would likely be reflected in any offer that another buyer might make.
So, yeah , that would be funny. It ain't going to happen though, at least not in the near term.
