Kotick admitted that if the acquisition were to break down, shareholders would still come away with heavier wallets. “If it weren’t to get done, by the end of the year, I think we’ll be sitting on something like $18 billion of cash,” the fat cat said. “And I think if you look at our 30-year history, we have deployed capital for the benefit of our shareholders very well and we’ll continue to do that.” In other words, there’s plenty of cash to go around.
Obviously, all this helps to explain the Redmond firm’s scorched Earth approach to the UK’s decision on the deal, as it’ll not only have to pod out $3 billion for failing to get the acquisition over the line – but it’ll also come away completely empty handed, having invested over a year of effort into getting the deal done. Of course, when your bank balance is as big as Microsoft’s, this is the equivalent of losing a couple of pennies down the back of the sofa for the rest of us.
[source cnbc.com, via thegamer.com]
