Can you imagine Intel taking over AMD?
That would be a worse case scenario. If Intel has no competition, prices are likely to rise for what otherwise would be cheaper due to competition. With no competition Intel could set it to any price tag amount and its take it or leave it.
If Microsoft were to buy AMD, that would be an interesting scenario. All the years of Microsoft and Intel working together, and now Intel is on the sidelines in the position that AMD once was. Microsoft with their ability to correct for years of poor or flawed to not perform as expected but still functional core designs. But if Microsoft plans on leaving the PC market and using AMD solely for its video game consoles only, then Intel would own the PC market.
Through all of this my main concern is that Intel has a competitor so that there is someone to keep prices in check vs take it or leave it type of pricing with no competition.
The only good thing about if a take it or leave it situation ever happened is that for the next few years most of the people who already have systems that are somewhat new could get by without buying newer systems at higher price tags, but as those already existing systems grow old and unable to keep up with modern computing demands, eventually its inevitable that your then stuck paying the exaggerated margin price tags.
Their business would be .... well we will get you now.... or we will get you later..... but we have you right where we want you in the end!