Tonight's news isn't surprising at all
— DM Options (@DMOptions) August 22, 2023
The options market has been pointing towards a close in the fall for weeks now
While it's disappointing that this isn't closing over the next few weeks, Microsoft's surprisingly bold divestiture proposal essentially eliminates any chance…
Shares of Activision up almost $1 in premarket to $91.60 after this news
— DM Options (@DMOptions) August 22, 2023
So why are shares of Activision up $1 in premarket on this “bad” news?
— DM Options (@DMOptions) August 22, 2023
Because it’s not bad news for the merger at all, and Microsoft’s super aggressive divestiture proposal virtually guarantees that the deal will close
Ubisoft: +6.99%
Activision: +1.17% (Pre-Market)
Microsoft: +1.01% (Pre-Market)
There's an irony in Brexit helping a French company which was struggling financially, Lmao.
There's also a bit of a smart M&A play here, like I said, Microsoft just made it a lot harder for any big tech company with a Cloud infrastructure to acquire Ubisoft and Yves cemented his ownership of Ubisoft for a 15 year period. If CoD is too big for a big tech company with a Cloud infrastructure to own then by that same logic, Sony/Amazon/Google/Tencent can't acquire Ubisoft for 15 years as they now own the licenses to all ABK titles.
Microsoft also further increases their relationship with Ubisoft, as Microsoft is doing Ubisoft a huge solid here.
Last edited by Ryuu96 - on 22 August 2023
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