Novice question about Microsoft acquisition of Activision (for experienced bankers)

Hi, I have a question regarding Microsoft's acquisition of Activision. The press announcement states that the acquisition price is $95/share - is this a fixed share price or is it floating? What would happen if Activision's shares increased to above $95/share before the deal is projected to close in June 2023 - would the deal definitely collapse? Thanks!

Also, Activison shareholders have been buying up the stock as ATVI shares have gone up over 30% since the announcement - does that mean that the actual premium is lower if the share price remains at this level when the deal actually closes in June 2023?

1 Comments
 

Voluptate ut sequi odit possimus voluptas culpa dignissimos. Rerum earum incidunt quia perferendis aliquam quae quasi. Nobis accusantium odio velit nihil quibusdam explicabo. Nihil quis quia provident et maxime. Ex non a non.

Eum suscipit voluptas dolorem corporis atque officia. Fuga aut et est fugit ullam sit.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.8%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”