Inside Arbitrage Friday Wrap – FTC vs. Microsoft

  • December 9, 2022


Our list of curated tweets for the current week


Special Situations


Surprised $ATVI is not down more after the lawsuit to block $MSFT from acquiring them.

Gabe Newell approves of Microsoft's acquisition of Activision Blizzard

Microsoft signs 10-year Call of Duty deal with Nintendo on the eve of its meeting with the US FTC to make its final case in favor of the Activision deal

We continue to believe that our deal to acquire Activision Blizzard will expand competition and create more opportunities for gamers and game developers

Activision report Sony unlikely to accept Microsoft offer

A judge will hear the FTC’s bid to halt Meta’s acquisition of a virtual-reality startup, a case that shows a shift in U.S. antitrust enforcement

Utah-based Vivint Smart Home $VVNT acquired by $NRG for $12 per share

Potential Deal In The Works

Aerojet Rocketdyne said to receive strong takeover interest from L3Harris

Public investors: Every software business is a zero Thoma Bravo

The @SECGov reopened the comment period for the "share repurchase disclosure modernization" rule and added a staff memo by @SEC_DERA on the impact of the excise tax on stock buybacks.


Precision medical company CareDx $CDNA announced $50 million share repurchase program

While $ASO net income dropped 18.3% YoY, they repurchased a whopping 13.2% of shares outstanding leading to just a 5.8% decrease in EPS

Mastercard Board of Directors Announces an Increase to the Quarterly Dividend and a $9 Billion Share Repurchase Program

Ahead of Salesforce’s announcement that Bret Taylor would exit, there was some discussion about trying to work things out and arranging for Mr. Taylor to stay for another year or so, but that didn’t pan out, according to sources

Salesforce departures last few days

Ligand Pharmaceuticals Names Director Todd C. Davis as CEO

Some of @chamath 's SPACs have dropped nearly 90% from when they listed.


Feels like a long bear market but doesn’t yet come close to others in history … S&P 500 has gone just over 230 days without returning to its prior high; streak is not even past one we saw in 2016

Harrowing end to $rh call where Gary says there’s no soft landing in housing, it’s crashing.

“If you told any one of us a year ago, ‘we’re going to have a bunch of 75 basis-point hikes,’ you’d have said, ‘Are you nuts? You’re going to blow up the financial system.’”

$CRM actually looks like a great activist target.

Disney rolled out its new ad-supported Disney+ subscription, an attempt to revitalize its flagship streaming service that the company has said lost more than $8 billion over the past three years

Often it takes a long time to build a big, profitable business. Nestle shareholders suffered through 11 years of losses before Nespresso broke even.