Activision Blizzard CEO & a Debt Bill ‘DOA’ 04/27/23

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 27 April 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The day after Britain’s regulator, the UK Competition and Markets Authority, blocked Microsoft’s acquisition of Activision Blizzard, Activision CEO Bobby Kotick is on the record about his planned appeal. Britain’s decision could affect the FTC’s decision in the U.S., but Kotick says of the UK CMA, “they don’t really understand our business.” The House of Representatives has passed a bill to raise the debt ceiling, but it’s widely considered to be “dead on arrival” to the Senate. Plus, Meta reported a strong quarter despite a loss in its metaverse unit, and Theranos founder Elizabeth Holmes is going to prison–but not yet. In this episode: Bobby Kotick, @ATVI_AB Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squack Pod and I'm C and Vee producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	The House Narrowly passing a bill to raise the debt ceiling, but it's not over yet.
0:17.0	The question is, are you going to ever be able to get a clean debt bill without having bipartisanship?
0:22.0	The top regulator in Britain has... without having bipartisanship.
0:23.1	The top regulator in Britain has blocked Microsoft's acquisition of Activision Blizzard.
0:28.7	But Activision's CEO Bobbyak, plans to appeal.
0:32.7	It was just a flawed ruling in every respect.
0:35.2	What it demonstrated to us is that these regulators,
0:38.4	they don't really understand our business.
0:41.9	Those stories, plus First Republic trading halted 16 times yesterday and Elizabeth Holmes is
0:49.3	due in prison but not yet.
0:51.6	How long is she got?
0:52.6	11 hours.
0:56.3	It's Thursday, April 27th, and Squawk Pod begins right now.
1:01.1	Stand Becky by in three, two, one, queue please.
1:05.0	Good morning everybody.
1:07.0	Welcome to Squack Box here on C NBC.
1:09.0	We are live from the NASDAQ market site in Times Square.
1:12.0	I'm Becky Quick along with Joe
1:13.7	Kernan and Andrew Ross Sorkin. Yays are 217 the nays are 215 the bill is
	...

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