Probably good for Microsoft- the acquisition was agreed at bubble prices, and driven by copying a business that hasn't worked out. SEA Ltd had great promise in

Probably good for Microsoft- the acquisition was agreed at bubble prices, and driven by copying a business that hasn't worked out. SEA Ltd had great promise in 2021 - they made a hyper popular game and used those revenues and user mindshare to branch out into ecomerce, financial services and all sorts. It was seem as an important part to cradle snatch Gen A before they signed up to meta and amazon. With metaverse ideas also peaking it seemed like a must do strategy for every conglomerate to get into games. Amazon did too! In 2022, SEA and Meta are not healthy. Thier plan to invest heavily and get paid later does not make sense in a higher rate environment where the payoff is less than you'd make saving your money in bonds. Microsoft has a long term interest in games, but it doesn't need to supercharge it. There are better uses for the 70 billion.