One Step Closer to a $69B Deal

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 12 July 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The FTC failed to prove the Microsoft/Activision Blizzard deal would substantially lessen competition, which means blockbuster acquisition might come together before next week’s deadline. (00:21) Bill Mann and Dylan Lewis discuss: - Why the FTC’s attempt to block the Microsoft/Activision Blizzard deal failed. - The “concessions” Microsoft is making to make the deal happen. - How we’re seeing a similar response to regulatory interest in Broadcom’s planned acquisition. (14:09) Is it the end of an era for superheros? Mary Long caught up with Catie Peiper to discuss trends in entertainment and Mattel's big bet on Barbie. Companies discussed: MSFT, ATVI, VMW, AVGO, DIS, MAT, HAS Host: Dylan Lewis Guests: Bill Mann, Mary Long, Catie Peiper Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Microsoft is done playing Will they want they maybe?
0:08.5	Motel for money starts now.
0:11.6	I'm Don Lewis and I'm joining the studio by Bill Mann.
0:23.4	Bill, thanks for joining me today.
0:24.9	Hey, it's great to see you, Don.
0:26.0	How you doing?
0:27.0	Good to see you, too, man.
0:28.0	I'm excited.
0:29.0	The latest update and what has been kind of a long saga with the Microsoft Activision
0:34.0	FTC deal.
0:36.3	We have what seems like good news for Microsoft.
0:39.2	Maybe good news for Activision.
0:40.7	Kind of depends on what side of the shareholder coin you're on there.
0:43.4	But Judge Jacqueline Scott Corley denied the FTC's efforts to block the two companies block
0:48.2	buster $75 billion acquisition.
0:50.6	Bill, this is the latest and like I said, a long saga with this deal.
0:54.9	What stuck out to you in this recent development that we have?
0:57.7	So it's important to note that the FTC does have the right to appeal, although it is
1:02.9	pretty rare that the FTC actually takes a move to appeal once a judge has rendered an
1:09.0	opinion at this level.
1:10.9	I think the thing that jumped out to me is that I have always wondered usually when you're
1:15.4	talking about antitrust, you're talking about two competitors that are joining together
	...

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