News Formal

Microsoft Extends $69B Activision Blizzard Merger Deal Deadline

  • 📰 THR
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

In return for a higher termination fee, Microsoft pushes the agreement deadline to Oct. 18 to potentially create one of the largest video game developers in the world.

to Oct. 18, 2023, to surmount regulatory hurdles to creating one of the largest video game developers worldwide.

The original deal contract was set to expire on July 18. After negotiations, the merger deal deadline has been extended in return for Microsoft agreeing to pay Activision Blizzard from $3 billion to $3.5 billion should the merger deal be terminated after Aug. 29, and $4.5 billion if canceled after Sept. 15.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »