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28	member 8/14/23 1:15PM Still interesting...
This deal has been outstanding for 574 days, and coincidentally, now may offer the best IRR w/ a gross spread of only ~ $4.00, but ~ 60% annualized IRR from a beginning of Sept.(1st). The... login to read the rest 2 view available tags
27	member 5/30/23 10:06PM Re: Re: CMA Appeal - CAT 26
Using Apple vs the CMA (https://www.catribunal.org.uk/cases/157661223-apple-inc-others) and Meta vs the CMA (the GIPHY case - https://www.catribunal.org.uk/cases/142941221-meta-platforms-inc) as precedent, it could take between 3 and 6 weeks for a judgement following the hearings, putting the judgement in... login to read the rest 1 view available tags
26	member 5/30/23 9:18PM Re: CMA Appeal - CAT 25
Thanks for sharing. So how long do you estimate the whole appeal process should take with the early start date? view available tags
24	member 5/16/23 9:41AM Re: Re: Can Xbox just pull out of UK? 23
Yes, they can. The question is the logistics to do so without having to incur recurring penalties...mathematically UK is a small % of xbox...feels like it makes sense? view available tags
23	member 5/16/23 9:03AM Re: Can Xbox just pull out of UK? 22
Satya was asked that by Sorkin on CNBC and his answer was, let's see how this shakes out. I read that as a "yes," if push comes to shove. 1 view available tags
22	member 5/15/23 8:06PM Can Xbox just pull out of UK?
Dumb question from someone without a law background: if ATVI/MSFT win the case in the U.S., given that the EU has just approved the deal, is it possible for MSFT just close the deal and leave... login to read the rest 5 view available tags
21	member 4/27/23 9:41AM Re: Re: Re: Deal essentially dead after UK CMA-- Adding 20
What do you think about the scenario/risk that Kotick takes this private? It seems plausible that Individual B identified in the merger proxy was Kotick, so he may want to take a run again. view available tags
20	member 4/26/23 2:45PM Re: Re: Deal essentially dead after UK CMA-- Adding 19
Agree, historically he has done some great deals and I think overall has done a great job historically in capital allocation. With the stock trading at March of 2018 levels, and the stock ~ trough... login to read the rest 1 view available tags
19	member 4/26/23 2:17PM Re: Deal essentially dead after UK CMA-- Adding 18
Kotick has done some very smart M&A in the past -- any particular reason why you think the BoD would lean more towards buybacks than acquisitions? view available tags
18	member 4/26/23 1:33PM Deal essentially dead after UK CMA-- Adding
Quite of lot of news flow today, we have essentially a deal break w/ ATVI/MSFT, while not formal break yet, as MSFT will challenge the UK CMA's decision, there is a very low probability of... login to read the rest view available tags
17	member 2/06/23 1:57PM Re: ATVI 16
I'm cutting and pasting a response from Mojoris which was probably misposted on the HNZP thread Not a surprise at all...This one was already trading very wide, but could cause other spreads to trade a bit... login to read the rest 1 view available tags
16	member 2/03/23 12:04PM ATVI
Hey folks, are people still following this spread? I'm wondering if there's any news out on the name today to explain the 2%+ widening. VG sector is trading down today, $35mln settlement and MSCIENCE on... login to read the rest 1 view available tags
15	member 12/20/22 9:08PM Re: Re: Re: Re: Re: Re: Re: Re: Buffett Discussion on ATVI 14
VIC_member2015, I replied to multiple messages in that mini-post, I don't check VIC every day & sometimes only once a week. Please have a little humility in your responses I don't think this is adding any... login to read the rest 2 view available tags
14	member 12/20/22 10:19AM Re: Re: Re: Re: Re: Re: Re: Buffett Discussion on ATVI 13
Value1929: Are you referring not to my most previous message from four days ago, and also not to my message prior to that from five days ago, but to my message 2 weeks ago? If... login to read the rest -3 view available tags
13	member 12/19/22 7:50PM Re: Re: Re: Re: Re: Re: Buffett Discussion on ATVI
VIC_Member2015-- "Last, you state that the FTC is meeting in a closed door meeting tomorrow about activision where they will decide to block or allow the deal. Given its a closed door meeting, how do... login to read the rest -3 view available tags
12	member 12/15/22 6:12PM Re: Re: Re: Re: Re: Buffett Discussion on ATVI 11
Great, I'm glad it was helpful. Btw, while this wasn't asked, we have mentioned our high probability of deal closing success. To that end, there are a couple of recent bullish datapoints that we have... login to read the rest 1 view available tags
11	member 12/15/22 2:11PM Re: Re: Re: Re: Buffett Discussion on ATVI 10
Thanks, much appreciate the thorough answer.My "redline" comment was just my impression from reading from various sources what MSFT has said about the benefits of the deal. But as you pointed out the recent report view available tags
10	member 12/14/22 9:20PM Re: Re: Re: Buffett Discussion on ATVI 3
Hi all – appreciate the discussion on the board. Some good comments and questions; I’m not sure which were directed toward me vs. the author, and I don’t want to hijack Value1929s board, but I... login to read the rest 6 view available tags
9	member 12/08/22 7:50PM Re: Re: FTC announces suit to block MSFT 8
According to William Kovacic, former FTC chair, sending the complaint to their own in-house judge vs seeking federal court injunction could drag the case out for months. In theory, it's a bit strange (and some... login to read the rest view available tags
8	member 12/08/22 3:22PM Re: FTC announces suit to block MSFT 7
The case will be tried with the FTC's Administrative Law Judge. Is there a difference between an ALJ and a federal judge? Any good/bad/neutral read-through? view available tags
7	member 12/08/22 2:13PM FTC announces suit to block MSFT
From BBG: "FTC announces suit seeking to block Microsoft from buying Activision The Federal Trade Commission announced it is seeking to block Microsoft (MSFT) from acquiring Activision Blizzard (ATVI), alleging that the deal "would enable Microsoft... login to read the rest view available tags
6	member 12/08/22 12:30PM Re: Re: Buffett Discussion on ATVI 2
Hi VIC_Member2015, Thanks for the comment. In my haste to get the pitch out in a timely manner I didn't double check Berkshire's slightly decreased position, thanks for pointing that out. Whether he owns 7% or 9%... login to read the rest 3 view available tags
5	member 12/08/22 11:23AM Re: Re: Buffett Discussion on ATVI 2
Hey that's a great comment/reply, I want to poke at a few points though. What's your source of Tim Wu's disagreement with Khan? I haven't come across it and would appreciate if you can link a... login to read the rest view available tags
3	member 12/08/22 9:35AM Re: Re: Buffett Discussion on ATVI 2
Good points and I also like the idea. Have a small position. On Berkshire, remember there were 2 separate decisions. The initial Buy was Todd/Ted with 14.7mm shares bought in q421 before deal was announced.... login to read the rest 4 view available tags
2	member 12/07/22 10:00PM Re: Buffett Discussion on ATVI 1
Hi Value1929, While we agree this is a terrific risk/reward, we have some differing opinions on the analysis and the facts. Reasonable investors can disagree, so I may not even be correct, but just worth thinking... login to read the rest 8 view available tags
1	member 12/07/22 3:23PM Buffett Discussion on ATVI
Forgot to include this discussion by WEB, he owns ~ 9.5% in the high $70s from Jan '22 RE: Recent Merger deals -- "It hasn't worked out overall too well in recent years, every now and... login to read the rest -1 view available tags

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			2006	2007
Price:	7.52	EPS
Shares Out. (in M):	0	P/E
Market Cap (in $M):	175	P/FCF
Net Debt (in $M):	0	EBIT	0	0
TEV (in $M):	0	TEV/EBIT
Borrow Cost:	NA

Description

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