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During Microsoft’s press briefing yesterday, the firm’s Brad Smith pulled out an envelope with a contract in it.
“I walk around with an envelope that contains the definitive agreement that we sent to Sony two days before Christmas, I am ready to sign it at any time.”
source https://www.gamesindustry.biz/the-ongoing-absurdity-of-microsofts-bid-to-buy-activision-blizzard-opinion
