Lunar, Phil Spencer explains how an acquisition at the FTC works

2023-06-23 20:08:16

During the trial between the FTC and Microsoft, Phil Spencer took the stand. When the FTC asks if “ [Microsoft] has an upfront payment of $70 billion to Activison”

No, when you acquire something, it is not a payment. It’s actually a transfer of money into an asset called Activision that you believe retains the value you’ve acquired. It is not correct from a financial point of view.

Phil Spencer

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