Microsoft and Activision Blizzard have extended their merger agreement until October | VGC

after Microsoft won a court battle with antirust regulator the Federal Trade Commission.

However, the company has yet to seal the approval of the UK’s Competition and Markets Authority , which remains the last major roadblock to the deal closing., we are announcing the extension of our merger agreement to 10/18 to provide ample time to work through the final regulatory issues,” said Microsoft president Brad Smith.

“We will honor all commitments agreed upon with the EC and other regulators and continue to work with the CMA on the issues raised in the UK. We are confident about our prospects for getting this deal across the finish line.” Activision Blizzard’s CCO and EVP corporate affairs Lulu Cheng Meservey commented: “Given global regulatory approvals and the companies’ confidence that CMA now recognizes there are remedies available to meet their concerns in the UK, the Activision Blizzard and Microsoft boards of directors have authorized the companies not to terminate the deal until after October 18.”

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft and Activision Blizzard extend merger deadline to OctoberMicrosoft and Activision Blizzard have extended the deadline of their proposed merger until 18th October this year. The…
Source: eurogamer - 🏆 68. / 61 Read more »

Microsoft-Activision Blizzard merger nearly clear of obstacles - but future for gamers remains unclearThe tension surrounding the deal boils down to whether a successful merger would give Microsoft too much power and end up limiting choice for gamers, writes Sky News's Arthi Nachiappan.
Source: SkyNews - 🏆 35. / 67 Read more »

Xbox and Activision Blizzard agree to delay their merger deadlineXbox and Activision Blizzard have now officially postponed their merger deadline in order to obtain approval from the UK's competition and markets authority.
Source: VideoGamerCom - 🏆 83. / 55 Read more »