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Microsoft-Activision Blizzard

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The bets, forks and reversals that shaped Microsoft-Activision Blizzard — each one explained, and checked against the record.

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The Counterfactual · Decision Forks
Microsoft Didn't Buy Activision for $69 Billion. It Bought a Scandal at a Discount.
The headline says $69B gaming bet. The filings say something colder: $95/share was a roughly 45% premium to a stock cratered by the scandal, yet a discount to its all-time high of around $104 reached months before the trouble started. Then the regulators made Microsoft give away the one piece that justified the price.
8 min
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