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Microsoft and Activision Blizzard extend merger agreement to October

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Microsoft and Activision Blizzard agree to extend merger agreement to October

a new proposal to sell off its rights to cloud gaming in the UK to try and get the deal over the line.

Microsoft had originally planned to close its Activision Blizzard deal by July 18th, but the complex situation in the UK has added some extra time to the process. While there is plenty of regulatory work to do in the UK to analyze a change to the transaction, Microsoft is extending its deal deadline date to avoid it falling through if Activision Blizzard decided to walk away or the unlikely scenario of another company attempting to offer better terms for an acquisition.

Finally, in an internal memo to Xbox employees, Microsoft Gaming CEO Phil Spencer says he’s “optimistic” about the acquisition still being finalized:Microsoft and Activision Blizzard remain optimistic that we will get our acquisition over the finish line, so we have jointly agreed to extend the merger agreement to October 18, 2023.

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