Microsoft and Activision Blizzard have extended the deadline of their proposed merger until 18th October this year. The…
on a final decision to take into account a new"detailed and complex" proposal from Microsoft with changes in circumstances."The recent decision in the US and approvals in 40 countries all validate that the deal is good for competition, players, and the future of gaming," said Activision Blizzard's CCO and EVP of corporate affairs Lulu Cheng Meservey.
"Given global regulatory approvals and the companies' confidence that CMA now recognises there are remedies available to meet their concerns in the UK, the Activision Blizzard and Microsoft boards of directors have authorised the companies not to terminate the deal until after October 18.Update on Activision Blizzard’s merger with Microsoft: agreement deadline extended
The recent decision in the U.S. and approvals in 40 countries all validate that the deal is good for competition, players, and the future of gaming.To see this content please enable targeting cookies.Microsoft's vice chair and president Brad Smith shared further details on a payout, should the deal still fail. If it doesn't close by 29th August, Microsoft will owe Activision Blizzard a termination fee of $3.5bn. That will increase to $4.
, we are announcing the extension of our merger agreement to 10/18 to provide ample time to work through the final regulatory issues. We will honor all commitments agreed upon with the EC and other regulators and continue to work with the CMA on the…
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