Breaking! We applaud today's decision to deny the Federal Trade Commission’s request for a preliminary injunction to prevent Microsoft from closing its deal to acquire Activision Blizzard.https://t.co/AEi52pMbuf
— CWA (@CWAUnion) July 11, 2023
ice said: alright y'all, who should M$ buy next? lol |
Maybe they could buy back Spade's dignity...might be pricey tho
Angelus said:
Maybe they could buy back Spade's dignity...might be pricey tho |
Was it him who bet against Starfield in the Metascore battle?
Shaunodon said:
Was it him who bet against Starfield in the Metascore battle? |
Among other things lol
Ryuu96 said: @Imaginedvl did you hold onto your stock? I forgot if you sold or not when CMA blocked... |
Yes and no :)
I did sell at 84$ (I bought them at 52$) and made a good amount.
BUT... I bought back a lot of them at 78$ later and will now get 95$ very soon!
All in all, I will make around 350k$
Not going to lie, it was a very good day today! Even brought the lunch for my whole team in Québec :D
Imaginedvl said:
Yes and no :) I did sell at 84$ (I bought them at 52$) and made a good amount. BUT... I bought back a lot of them at 78$ later and will now get 95$ very soon! All in all, I will make around 350k$ Not going to lie, it was a very good day today! Even brought the lunch for my whole team in Québec :D |
The implied chance of Microsoft Corp.'s takeover of Activision Blizzard Inc. going through jumped to around 80% from roughly 40% a day earlier after a US judge gave the deal a green light.
The odds are calculated assuming the stock's standalone value without a deal is in the $75 to $80 range, according to Aaron Glick, a merger arbitrage specialist at TD Cowen.
"With the companies and the UK antitrust regulator seeking to work on a resolution, closing by the July 18 deal deadline is much more likely now," said Glick. Most arbs were previously skeptical that Microsoft would be able to resolve the UK challenge, he noted.
The US clearance, and more importantly the news from the UK Competition and Markets Authority, has changed perceptions dramatically, said Cabot Henderson, who focuses on arbitrage and special situations at JonesTrading.
"Before the market saw the deal as a tossup," he said. "It would now be a surprise were it not to close."
Microsoft-Activision (MSFT, ATVI) Deal Odds Almost Double After Court Nod - Bloomberg
Microsoft and the CMA have agreed on a small divestiture to address the regulator's concerns, CNBC's David Faber reported.
Microsoft-Activision deal moves closer as judge denies FTC injunction (cnbc.com)
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