Microsoft and gaming giant Activision Blizzard, who are pursuing a merger that has been closely scrutinized by antitrust regulators in multiple countries, are still committed to the deal, per a report in thespoke to sources at both companies who said they are still committed to the $75 billion deal, which would represent the largest video game acquisition in history.
The deal struck between the two companies early last year was set to expire at 11:59 p.m. Pacific time Tuesday, according to their merger agreement. It stipulates that Microsoft pay Activision a breakup fee of $3 billion if either party terminates the deal afterward. But neither company intends to do so, the people said.
While regulators in Europe, China, and even Japan — home of major Microsoft rival Sony — have approved the merger, the
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »