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

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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.

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