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Microsoft Extends $69B Activision Blizzard Merger Deal Deadline

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In return for a higher termination fee, Microsoft pushes the agreement deadline to Oct. 18 to potentially create one of the largest video game developers in the world.

to Oct. 18, 2023, to surmount regulatory hurdles to creating one of the largest video game developers worldwide.

The original deal contract was set to expire on July 18. After negotiations, the merger deal deadline has been extended in return for Microsoft agreeing to pay Activision Blizzard from $3 billion to $3.5 billion should the merger deal be terminated after Aug. 29, and $4.5 billion if canceled after Sept. 15.

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Microsoft and a UK regulator have been granted more time to resolve Activision merger issues | EngadgetMicrosoft has been granted more time to resolve a UK regulator's concerns over its proposed $68.7 billion acquisition of Activision Blizzard.
Sumber: engadget - 🏆 276. / 63 Baca lebih lajut »