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I always wondered, what are the exact steps between announcing to acquire and actually acquiring. Especially this: > Microsoft will acquire Activision Blizzar
by duckmysick 5y ago
I always wondered, what are the exact steps between announcing to acquire and actually acquiring.
Especially this:
> Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.
What exactly happens between now and "when the transaction closes"? How long does it take? Is there anything that would make it not close?
- raldi 5y agoThe main one is that the shareholders get to review the terms, and if more than 50% of either company’s don’t like them, the deal is off.
- sofixa 5y agoThey need approval from shareholders and regulators in every country they operate in, and then do a bunch of legal work. It's not unusual for such big acquisitions to take years to be finalised ( for instance a regulator might impose divestment or limitations), or even to fall through ( e.g. Boeing-Embraer, Alstom-Siemens, Nvidia-ARM).