Man I wish we could see the players" cards clearly when they reach showdown. Here"s what I think just happened (it"s all quality information til right at the end)...
Trond limps on the button and calls Michael"s preflop raise to 120k.
Flop:
Michael bets out 175k, called quickly by Trond.
Turn: jd Both players check.
River: jc Again, check-check.
Trond wins the pot with two pair, Jacks and Sevens - and it looks like Michael had A-4.