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Activision Will Be Jilted if Microsoft Deal Blocked, CEO Kotick Says - Slashdot

 1 year ago
source link: https://slashdot.org/story/23/06/28/185233/activision-will-be-jilted-if-microsoft-deal-blocked-ceo-kotick-says
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Activision Will Be Jilted if Microsoft Deal Blocked, CEO Kotick Says

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Activision Blizzard will likely abandon a $69 billion takeover bid by Microsoft if the US Federal Trade Commission wins a ruling pausing the deal, the game maker's chief executive officer told a judge. From a report: Microsoft called Activision CEO Bobby Kotick to testify in San Francisco federal court Wednesday to reinforce its claim that the acquisition won't hurt competition in the markets for console and subscription-based games. US District Judge Jacqueline Scott Corley must decide whether to halt the deal -- which has a July 18 closure deadline -- while the FTC's legal challenge to the transaction plays out. "My board's view is if the preliminary injunction is granted, we don't see how this will continue," Kotick said.
    • It rarely, if ever does anything good for either the company itself or the end users of that company's product. Most of these acquisitions should be blocked.

      • Re:

        ... then what do you say to the thousands of workers who might (directly and indirectly) lose their jobs because the parent company was unable to otherwise secure the vast amounts of funds necessary to continue business operations "as usual"? Will you argue that it's bad management, or recognize that external factors were at play which impeded the management's ability to continue operations without liquidating assets due to the financial impacts of government regulations?

        Every legal decision is a double-
        • Re:

          The government always is at fault for creating the current regulatory environment. None of these companies would exist in their current form without that regulation.

          I mean, you can argue that M&A might save a company, but i'd argue back that no one buys a money losing operation and then just dumps funds into it. You make changes, which means letting go of people, usually. So did you save anyone?

          The expectation we'll have semi-permanent employment with a game company might need some review. Economic

        • Re:

          I would say they were fucked either way, since after a merger there is typically a bloodletting of HR/accounting/overhead functions, and they were always going to be the first to go. Either way they're on the job market, probably going to a competitor anyway.

          Mergers and Acquisitions should in almost every case be blocked for the greater good to save what tiny bit of functional capitalism we have left.

      • Re:

        For examples, simply refer to WhatsApp and Instagram. Why innovate when you can just buy the competition.

  • The CEO of a company that he's trying to sell testifies that this sale is perfectly fine and won't affect market competition after he's no longer CEO - almost as if he has a few million personal reasons for the sale to go through.

    In other news, dog bites man; and water is still wet.

  • Is that Bobby Kotick will be gone afterwards.

    Not that he isn't going to glide out on a golden parachute but seriously, what a loathsome caricature of CEO brain that tarnished what possibly was the most premiere gaming brand (Blizzard) outside of Nintendo .

  • He is everything wrong with the world
  • Because it's your party and Judy's a bitch? Whoever picked that word is certainly not talking to me.
    • And very likely grateful for that fact.

      • Re:

        Yeah, me too.
  • I sure am upset that some rich fuck isn't getting massively richer let me tell you! Might almost lose a picosecond of sleep over it. Might, almost.

  • The Running Man [imdb.com]

    Fuck that guy. I wanna see him face off against Elon, Larry Ellison and other assorted corporate psychopath wastes of air.

    At least we might get a Zuck fight.


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