Activision Blizzard's year of news appearances is almost unbelievable, but perhaps none more so than the announcement that Microsoft and Xbox is purchasing them for just under $70 BILLION in cash.
Now, the FTC has moved to even more closely examine the records and business dealing of the two companies - an expected (but time-consuming) advancement of regulators' antitrust review of the biggest deal in gaming history.
Government regulators don't usually no-scope...in Virtual Legality.
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SEASONED GAMING BITCAST - SUNDAYS AT 11:00 EASTERN https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA
CHAPTERS
00:00 Introduction 3:07 A Request for Votes/Insider Trading 11:41 Regulators and Legal Issues (Summary) 18:30 The Board Explains its Reasoning 24:56 The FTC and Second Requests 37:59 A Litany of Litigation 41:17 Conclusion
Discussed in this episode:
"Microsoft x Activision" Hoeg Law Playlist https://www.youtube.com/playlist?list=PL1zDCgJzZUy_vBs7Qt9-ROfumOtIrSdP8
ACTIVISION DOCUMENTS/STOCK https://investor.activision.com/financial-information/sec-filings https://investor.activision.com/static-files/eae7f6a4-35b2-4884-9f7e-397dfdd1890b https://money.cnn.com/quote/shareholders/shareholders.html?symb=ATVI&subView=institutional https://www.wsj.com/articles/u-s-probes-options-trade-that-gained-on-microsoft-activision-deal-11646787000 https://arstechnica.com/gaming/2022/03/report-sec-investigating-activision-blizzard-investors-for-insider-trading/
LAW https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/mergers/premerger-notification-merger-review-process
"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
CHECK OUT THE REST OF VIRTUAL LEGALITY HERE: https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo
DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.
Twitter: @hoeglaw Web: hoeglaw.com