Support NeoGAF

[M1987]

I just hope Microsoft don't get involved in take-two,Capcom,Ubisoft etc and just let them run themselves

 

[DrFigs]

Interesting - How?

I was hoping someone would answer your question. bro i don't understand any of this tbh. i'm just following the thread

 

[HoofHearted]

Judge granted adjournment conditional on "evidence" provided. Not entirely clear on what evidence he needs, but he granted the adjournment regardless.

so - a little confused - CMA is essentially dropping their block? and they're going to work out remaining details? or they're adjourning until the evidence is presented and CAT makes a final ruling?

 

[feynoob]

To the people that are lost, here is what happened.
Both the judge and CMA got a nice package from MS.

 

[Jigsaah]

THERE'S NOTHING ON THOSE PAGES BRO.

 

[Kittehkraken]

 

[Topher]

Does that mean they can close or they can not close? he talks too much I stopped focusing what does adjournment mean in this case.

I'm pretty sure they can close tomorrow once CMA removes their temporary prohibition.

 

[OmegaSupreme]

I could use some satisfaction myself

 

[DForce]

I'm so confused now.

 

[havoc00]

I think Id rather work in Mcdonalds than have to be in this court all day and listen to this days a week for hours on end

 

[Negotiator101]

The judge keeps saying he requires satisfaction.

Someone give the man satisfaction.

I imagine he'll give his wife a good seeing to tonight.

 

[feynoob]

GHG
What did you say about US court?
Your guy is babbling some nonsense here.

 

[havoc00]

No but yes but conditional

 

[adamsapple]

"I said at the top that I cannot say no and now I can say that my answer is yes"


WHAT THE FUCK IS GOING ON, THIS IS SO CONFUSING

 

[nightmare-slain]

I think Id rather work in Mcdonalds than have to be in this court all day and listen to this days a week for hours on end

Think of the money they are getting paid though. I'd happily sit there for hours if I was getting paid stupid money.

 

[Eindyien]

Just a few days ago activision stock bottomed at $89. Today it’s jumped to $93. When it closes firm you can either wait for the full $95 or dump it when It hits somewhere around maybe $94.70.

You could had made 5-6% in 3 days.

 

[feynoob]

"I said at the top that I cannot say no and now I can say that my answer is yes"


WHAT THE FUCK IS GOING ON, THIS IS SO CONFUSING

He is old man. Talking is too much for him.

 

[Topher]

so - a little confused - CMA is essentially dropping their block? and they're going to work out remaining details? or they're adjourning until the evidence is presented and CAT makes a final ruling?

I'm confused about all that as well. I think what is going to happen is CMA isn't blocking anymore as they seem to have the framework of a deal in place (although they contradicted that several times). The adjournment is granted so MS and ABK can close......I guess.

Seems like a lot of this based on trust that everyone will do what they say they are going to do. Kind of weird.

 

[thicc_girls_are_teh_best]

Just a few days ago activision stock bottomed at $89. Today it’s jumped to $93. When it closes firm you can either wait for the full $95 or dump it when It hits somewhere around maybe $94.70.

You could had made 5-6% in 3 days.

Nah, I'm good fam.

 

[nightmare-slain]

I'm not watching it smart ass

 

[Ass of Can Whooping]

My god lol. I'm triggered as fuck but still following along

Peasants

 

[HeisenbergFX4]

I'm confused about all that as well. I think what is going to happen is CMA isn't blocking anymore as they seem to have the framework of a deal in place (although they contradicted that several times). The adjournment is granted so MS and ABK can close......I guess.

Seems like a lot of this based on trust that everyone will do what they say they are going to do. Kind of weird.

It was weird the whole trust me bro argument and the Judge said ok but I need said proof eventually.

I never got the feeling the CMA was going to stop this once Corley issued her ruling

 

[adamsapple]

What my little non-lawyer brain is interpreting is that the judge is granting the CMA/MS request for adjournment but on a conditional case that he needs the CMA to show him sufficient evidence (in due course) that it was presented a new deal that was sufficient enough to make the original be adjourned.

 

[SirTerry-T]

No but yes but conditional

 

[havoc00]

So it just depends on how long it takes for CMA/Microsoft to discuss and finalize the proposed remedy, which appears to be a divestiture of xCloud in the UK? The CMA said at the start of the trial that they have not received Microsoft's final remedy just yet, maybe Microsoft is still working out who xCloud will be divested to.

Is this what it seems like now?

 

[StreetsofBeige]

If judge Judy was involved it would be the most expensive case in history!

Last time heard she makes $40M per year from her show!

 

[nightmare-slain]

Doesn't the deal need to be done by tomorrow or can they agree to extend it?

 

[3liteDragon]

I just hope Microsoft don't get involved in take-two,Capcom,Ubisoft etc and just let them run themselves

I don’t understand how you guys can be this naive & not understand the game plan here, even after going through all the internal emails.

 

[M16]

the CMA is gonna have PTSD after this, and theres no way they want to face this judge again.

 

[feynoob]

So it just depends on how long it takes for CMA/Microsoft to discuss and finalize the proposed remedy, which appears to be a divestiture of xCloud in the UK? The CMA said at the start of the trial that they have not received Microsoft's final remedy just yet, maybe Microsoft is still working out who xCloud will be divested to.

Is this what it seems like now?

No. We have no idea what is going behind there.
CMA and MS dont want to spill it out.

 

[adamsapple]

Doesn't the deal need to be done by tomorrow or can they agree to extend it?

I don't see any reason why they can't extend. The deal is on the verge of completion with all road blocks out, Bobby 'backing out' after all this legal kerfuffle wouldn't make sense, why settle for $3 bn when he is securing $68 bn.

 

[havoc00]

No. We have no idea what is going behind there.
CMA and MS dont want to spill it out.

I assume it goes back to the cloud no? That was the main sticking point in the UK wasn't it?

 

[Banjo64]

I'm confused about all that as well. I think what is going to happen is CMA isn't blocking anymore as they seem to have the framework of a deal in place (although they contradicted that several times). The adjournment is granted so MS and ABK can close......I guess.

Seems like a lot of this based on trust that everyone will do what they say they are going to do. Kind of weird.

But they still need until 29th August to review the none existent resubmission - so is it being extended? Surely the CMA can’t consent to closure without a proper submission?

 

[ShaiKhulud1989]

I'm confused about all that as well. I think what is going to happen is CMA isn't blocking anymore as they seem to have the framework of a deal in place (although they contradicted that several times). The adjournment is granted so MS and ABK can close......I guess.

Seems like a lot of this based on trust that everyone will do what they say they are going to do. Kind of weird.

IRRC, current CMA final report about current deal still stands and cannot be overturned until the new final report about the new deal. CAT appeal is also paused until the end of July, not cancelled.

But maybe I'm stupid.

 

[feynoob]

I don't see any reason why they can't extend. The deal is on the verge of completion with all road blocks out, Bobby 'backing out' after all this legal kerfuffle wouldn't make sense, why settle for $3 bn when he is securing $68 bn.

He is going to get huge backlash from his investors.

 

[tryDEATH]

The conspiracy meltdown here is wild and seems to be the coping mechanism. The EC passed the deal, the FTC failed with a horrible argument, and now the CMA conceded as they were the only ones left with their pants down witha BS objection to the acquisition.

It wasn't money or corruption that got this deal to pass, but a lack off actual real market issues this merger would cause leaving the agency cases extremely weak and which wouldn't under scrutiny be enough to block this acquisition. MS offered guarantees/contracts and remedies to address any issues the agency's had leaving the courts to side with MS. The agencies in fact did their part in protecting the market by "forcing" MS into these deals, which MS knew they had to make if they wanted this to go through.

 

[mayham2199]

I don't see any reason why they can't extend. The deal is on the verge of completion with all road blocks out, Bobby 'backing out' after all this legal kerfuffle wouldn't make sense, why settle for $3 bn when he is securing $68 bn.

because he loses his job….

 

[DrFigs]

There might be a season 2 to all this if they extend the timeline for the deal and the FTC can appeal it. What a cliffhanger! Or is it just the 2nd act "all is lost moment" and there will be a quick resolution ?

 

[feynoob]

But they still need until 29th August to review the none existent resubmission - so is it being extended? Surely the CMA can’t consent to closure without a proper submission?

If they care about that, they would have agreed with the judge.
CMA and MS are hiding something.

 

[Topher]

Man.....I got so confused during this thing with this Marcus Smith judge. I got a reply from mckmas8808 in the Ratchet and Clank SSD thread about Insomniac's Marcus Smith.....

What are you guys trying to accomplish here? You understand what Marcus Smith was saying so why play dumb? He was right. Is this supposed to be some gotcha dev "we caught you in a lie" blog post?

I was like "what the fuck you talking about man?"

 

[adamsapple]

because he loses his job….

I'm sure the board of directors at Activision would have some words if he loses them a $65 billion deal just to keep his job.

 

[HoofHearted]

I think he gets paid per word spoken...

 

[Jigsaah]

Ok seems he started speaking English again. So Microsoft can explain why Sony signed the deal so it makes it easier for the CMA to provide the evidence needed to meet the conditions the judge requires to grant the adjournment.

 

[ToadMan]

Microsoft won

CMA won.

 

[feynoob]

I assume it goes back to the cloud no? That was the main sticking point in the UK wasn't it?

It's cloud issue.
It depends on what both parties want.

 

[Topher]

But they still need until 29th August to review the none existent resubmission - so is it being extended? Surely the CMA can’t consent to closure without a proper submission?

IRRC, current CMA final report about current deal still stands and cannot be overturned until the new final report about the new deal. CAT appeal is also paused until the end of July, not cancelled.

But maybe I'm stupid.

I really don't know, but I get the sense the rest of this is just a formality.

 

[adamsapple]

Man.....I got so confused during this thing with this Marcus Smith judge. I got a reply from mckmas8808 in the Ratchet and Clank SSD thread about Insomniac's Marcus Smith.....



I was like "what the fuck you talking about man?"

The most ambitious cross-over since Avengers Endgame.

 

[CuNi]

Man, he really must hate his wife, huh?

 

[havoc00]

THEY ARE ENTILED TO AN ASSURANCE

 

[Banjo64]

I really don't know, but I get the sense the rest of this is just a formality.

I’m going to invest in some ABK stock then.







/s