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Microsoft and Activision extend their deal deadline | CNN Business

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Microsoft and Activision have mutually agreed to extend their merger deadline by three months in the face of ongoing negotiations with the UK government that could allow the $69 billion acquisition to close

The announcement highlights the commitment by both companies to complete the deal after back-to-back court defeats for US regulators who had challenged the merger. The new contractual deadline for consummating the deal will be October 18, the companies said. The previous deadline was July 18.

“The recent decision in the U.S. and approvals in 40 countries all validate that the deal is good for competition, players, and the future of gaming,” a company spokesperson said. “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.

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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.
Source: engadget - 🏆 276. / 63 Read more »