Activision Blizzard to be removed from Nasdaq ahead of planned Microsoft merger | VGC

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.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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…
Fonte: eurogamer - 🏆 68. / 61 Consulte Mais informação »

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.
Fonte: SkyNews - 🏆 35. / 67 Consulte Mais informação »