Activision Blizzard's year of news appearances is almost unbelievable, but perhaps none more so than the announcement that Microsoft is purchasing them for just under $70 BILLION in cash.
But what's actually in the agreement between these two juggernauts? How did the reporting get at least some aspects of it wrong? And will it really cost one side or the other $2B+ to end things?
You better be darn sure you want to break up...in Virtual Legality.
CHECK OUT THE VIDEO AT: https://youtu.be/JgploLS9T5s
#Activision #Microsoft #BreakUpFees
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WANT TO SUPPORT THE CHANNEL
PATREON - https://www.patreon.com/VirtualLegality
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CHAPTERS
00:00 Introduction
02:48 Merger Summary
23:14 What Reps Do (and Don't) Do
31:40 Conclusion
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Discussed in this episode:
"Microsoft x Activision"
Hoeg Law Playlist
https://www.youtube.com/playlist?list=PL1zDCgJzZUy_vBs7Qt9-ROfumOtIrSdP8
Activision Blizzard EDGAR Filings
General
https://www.sec.gov/edgar/browse/?CIK=0000718877
Partner Letters https://www.sec.gov/Archives/edgar/data/718877/000110465922005528/tm223212d11_defa14a.htm
https://www.sec.gov/Archives/edgar/data/718877/000110465922005529/tm223212d12_defa14a.htm
Merger Summary
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000718877/000110465922005154/tm223212d3_8k.htm
Merger Agreement
https://www.sec.gov/Archives/edgar/data/0000718877/000110465922005154/tm223212d3_ex2-1.htm
"Fascinating Activision SEC filing about merger:.."
Twitter Thread - January 19, 2022 - Stephen Totilo
https://twitter.com/stephentotilo/status/1483809973155024897
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"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.
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Twitter: @hoeglaw
Web: hoeglaw.com
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