Activision Blizzard will be delisted from the Nasdaq stock market index this weekend in preparation for its planned merger with Microsoft
A temporary restraining order preventing the deal from being completed will expire at 11.59pm on July 14, unless the FTC can secure an extension from the appeals court.
Microsoft wants to get the deal over the line before the current merger agreement expires on July 18, after which Activision Blizzard could walk away with a $3 billion termination fee if an extension isn’t agreed. To do so, Microsoft would also need to overcome a block on the deal from the UK’s Competition and Markets Authority .with a view to reaching an out of court agreement on the merger, after the Xbox firm won its case against the FTC.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft wins crucial FTC case on Activision Blizzard acquisitionMicrosoft has won its crucial court case against the US Federal Trade Commission (FTC), clearing its way to acquire Cal…
Read more »
Microsoft wins against FTC, clearing vital hurdle for Activision-Blizzard buyoutThe FTC's request for an injunction against Microsoft's acquisition of Activision Blizzard has been denied.
Read more »
Microsoft wins FTC court case to acquire Activision BlizzardMicrosoft has won its case against the FTC to acquire Activision Blizzard, with a judge denying the regulator's request for a preliminary injunction.
Read more »
Microsoft has won its US court case to acquire Activision Blizzard | VGCMicrosoft has been cleared to acquire Activision Blizzard in the United States after winning its court battle with the Federal Trade Commission
Read more »
Microsoft's $69 Billion Deal to Buy Activision BlizzardA federal judge has declined to block Microsoft's $69 billion takeover of video game company Activision Blizzard.
Read more »
Competition watchdog to reopen talks with Microsoft over Activision Blizzard mergerThe purchase of the Call of Duty maker by one of the world's tech giant has been subject to scrutiny on both sides of the Atlantic.
Read more »