Discover and read the best of Twitter Threads about #activision
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The #FTC and #Microsoft & #Activision submitted their witness lists. Highlights include Microsoft CEO Satya Nadella @satyanadella, Activision CEO Bobby Kotick, Xbox chief Phil Spencer @XboxP3, Sony PlayStation chief Jim Ryan (that one by video). and more.
Details in order of… twitter.com/i/web/status/1…
Details in order of… twitter.com/i/web/status/1…
had to edit the tweet because the 1st version (written in a hurry at an altitude of well over 30K ft.) missed Phil Spencer and the part about witnesses named by both sides didn't list all the ones mentioned further above
Topics for Jim Ryan to testify on (plaintiff = FTC, defendants = Microsoft & ABK):
James “Jim” Ryan (CEO of Sony Interactive Entertainment). Plaintiff is calling Mr. Ryan by video deposition designation to testify about competition in the relevant antitrust markets, the video… twitter.com/i/web/status/1…
James “Jim” Ryan (CEO of Sony Interactive Entertainment). Plaintiff is calling Mr. Ryan by video deposition designation to testify about competition in the relevant antitrust markets, the video… twitter.com/i/web/status/1…
Saturday (6/17) at 12 noon Eastern Time / 9 AM Pacific Time / 5 PM UK Time / 6 PM Central European Time: analysis of #Microsoft and #Activision's opposition to the @FTC's motion for preliminary injunction. Their filings are due today (Friday) by midnight. twitter.com/i/spaces/1YqKD…
I will write a blog post about the same subject prior to that Twitter Space, but my blog's audience overwhelmingly has a professional background in this field. The purpose of the Twitter Space is to explain it in basic terms and make the whole topic more accessible.
#UnblockABK
#UnblockABK
Recording has been activated this time around.
I activated it last time, too, but then accidentally started a new Twitter Space instead of entering the one I had already created. Shouldn't happen tomorrow.
I activated it last time, too, but then accidentally started a new Twitter Space instead of entering the one I had already created. Shouldn't happen tomorrow.
#Microsoft #Activision - refresher thread for those who may not be familiar with the legal jargon here.
To win a preliminary injunction blocking a deal, FTC does *not* have to show it's anticompetitive.
To win a preliminary injunction blocking a deal, FTC does *not* have to show it's anticompetitive.
Instead, the judge assessing the case has to do three things:
1 - Decide if the market definition makes sense
2 - Determine whether there's a "likelihood of success on the merits"
3 - Balance the equities
1 - Decide if the market definition makes sense
2 - Determine whether there's a "likelihood of success on the merits"
3 - Balance the equities
So what does that all mean?
First, market definition. A lot of antitrust cases sink at this point, and it gets very complicated.
Judge will look at FTC's case and decide whether high-performance consoles (PS5/Xbox) are a market. Don't they compete with PC, for example?
First, market definition. A lot of antitrust cases sink at this point, and it gets very complicated.
Judge will look at FTC's case and decide whether high-performance consoles (PS5/Xbox) are a market. Don't they compete with PC, for example?
#Microsoft #Activision: thoughts on Judge Corley, who will decide the fate of the deal.
I spend a lot of time covering the federal judges out here. First point - she's nice.
Never loses her temper with lawyers and I've never seen her in a bad mood. Not true of all judges.
I spend a lot of time covering the federal judges out here. First point - she's nice.
Never loses her temper with lawyers and I've never seen her in a bad mood. Not true of all judges.
She's also very patient and encouraging with young lawyers arguing for the first time.
I've seen her get into some lively debates with lawyers. But tone is important. Expect some good-natured quips at next week's hearing (which make for good copy - some judges just listen).
I've seen her get into some lively debates with lawyers. But tone is important. Expect some good-natured quips at next week's hearing (which make for good copy - some judges just listen).
2 - she's no stranger to antitrust.
In addition to the video gamers' case against the deal, she's handled Qualcomm patent case, California gas markets case, FINA swimming league case.
In addition to the video gamers' case against the deal, she's handled Qualcomm patent case, California gas markets case, FINA swimming league case.
#Microsoft and #Activision will file their UK appeal of the @CMAgovUK blocking decision with the @CATribunal in the next approx. 90 minutes.
It can take a few days or a week--or could even take more than a week--before the CAT will publish the summaries of those appeals.
🧵1/X
It can take a few days or a week--or could even take more than a week--before the CAT will publish the summaries of those appeals.
🧵1/X
There are major misconceptions out there concerning the likelihood of that appeal (I'll refer it as one, though technically they're two) succeeding.
Linklaters, one of the largest UK law firms, says the CMA has won 67%--i.e., NOT WON 33%--of all merger appeals since 2010.
🧵2/X
Linklaters, one of the largest UK law firms, says the CMA has won 67%--i.e., NOT WON 33%--of all merger appeals since 2010.
🧵2/X
It's wrong to say that the CMA can simply reach the same conclusions again upon remand, thereby creating an endless loop.
legislation.gov.uk/ukpga/2002/40/…
"refer the matter back ... with a direction to reconsider and make a new decision in accordance with the ruling of the [CAT]"
🧵3/X
legislation.gov.uk/ukpga/2002/40/…
"refer the matter back ... with a direction to reconsider and make a new decision in accordance with the ruling of the [CAT]"
🧵3/X
Investment bank Macquarie says #Microsoft should close the #Activision deal:
“...would result in a legal battle with the @CMAgovUK but one we think worth fighting as it is precedent-setting for an acquisitive company to allow one country to block a $75 billion deal"
#UnblockABK
“...would result in a legal battle with the @CMAgovUK but one we think worth fighting as it is precedent-setting for an acquisitive company to allow one country to block a $75 billion deal"
#UnblockABK
So here you have one of the world's largest investment banks (among other things, the worlds largest infrastructure asset manager) saying that it would be a viable and commercially prudent strategy to just close the ABK deal over the CMA's objection and duke it out in court.… twitter.com/i/web/status/1…
In my opinion, anyone in favor of the ABK deal should unfollow and ignore Gazondaily now that @Perlrulez tweeted a segment of that laughable interview with the small-island (not talking about the big island that is Britain) M&A lawyer.
1/ A bit of conversation about EA and #ActivisionBlizzard. This last quarter demonstrated just how important KING has been for ActiBlizz, especially as engagement has fallen on #CallofDuty and many Blizzard products (Diablo Immortal helped pad Blizzard up a bit).
2/ Don't get me wrong, I'm actually engaged with many Blizzard products and I play plenty of Call of Duty, but between launches, it is clear that much of the consumer market isn't as engaged as they used to be. So where does that leave Acti and Blizz?
3/ In regards to segment income, each comes in roughly over 90 million USD this last quarter. Combined, and without King, that places those two segments under EA (the company) in regards to operating income. King is a mobile juggernaut so we need to set them aside for a moment.
As an employee of Activision bound by a NDA, I can't disclose much about the corporate process going on right now. But I'd like to speak out. I don't want this to be forgotten. I don't want this to pass as other viral sensations take over the media. We, employees of ABK, are- 1/?
here, we are living this. We are concerned for ourselves, for the community, for the company, and the future of our careers. Some of my female coworkers are terrified of the way the system's in place have been abused and twisted to allow for such harrasment to pass on unseen- 2/?
or uncared for. We are all in shock, we are all in a state of anger, confusion, and fear. We want change. We did our walkout, we signed petitions, we've asked thousands of questions in corporate meetings. I know the community feels this same outrage just as the employees do. 3/?
Shimon Peres 9th Prime minister of Israel and Edgar Bronfman Sr
Ehud Barak said Shimon introduced Epstein to him in 2002
archive.is/mIzpU#selectio…
Ehud Barak said Shimon introduced Epstein to him in 2002
archive.is/mIzpU#selectio…
Yitzhak Shamir 7th Prime Minister of Israel and Robert Maxwell
apnews.com/c9e38f64331c72…
He spoke at Maxwell's funeral
″Maxwell was a passionate friend of Israel and we are sorry about this heavy tragedy″
“He has done more for Israel than can today be told"
apnews.com/c9e38f64331c72…
He spoke at Maxwell's funeral
″Maxwell was a passionate friend of Israel and we are sorry about this heavy tragedy″
“He has done more for Israel than can today be told"
Ghislaine Maxwell’s last public appearance before her arrest was to support a charity for human trafficking victims
the-sun.com/news/1207068/g…
the-sun.com/news/1207068/g…
Analysis: #NASDAQ $ATVI
Case 138 #Activision Blizzard Inc
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
#ATVI 1/4
Case 138 #Activision Blizzard Inc
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
#ATVI 1/4
Chart 1
Weekly Chart: A good base formed off the #lows at 41.50 - 42.00 and a close above #pivot resistance at 51.35 was achieved in Dec. 2019. Upside #momentum has .....
ATVI 2/4
Weekly Chart: A good base formed off the #lows at 41.50 - 42.00 and a close above #pivot resistance at 51.35 was achieved in Dec. 2019. Upside #momentum has .....
ATVI 2/4
..... been lost and some downside pressure is now expected before the next leg up to challenge #resistance at 64.70. Price needs to close above 64.80 first.
ATVI 3/4
ATVI 3/4
