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Microsoft and Activision Blizzard have extended their merger agreement until October | VGC

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Microsoft and Activision Blizzard have agreed to extend their merger agreement until mid-October, after the initial deadline to complete the $69 billion deal passed on Tuesday

after Microsoft won a court battle with antirust regulator the Federal Trade Commission.

However, the company has yet to seal the approval of the UK’s Competition and Markets Authority , which remains the last major roadblock to the deal closing., we are announcing the extension of our merger agreement to 10/18 to provide ample time to work through the final regulatory issues,” said Microsoft president Brad Smith.

“We will honor all commitments agreed upon with the EC and other regulators and continue to work with the CMA on the issues raised in the UK. We are confident about our prospects for getting this deal across the finish line.” Activision Blizzard’s CCO and EVP corporate affairs Lulu Cheng Meservey commented: “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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