Microsoft and Activision Blizzard 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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Microsoft and Activision Blizzard Still Committed to $75 Billion Merger, Sources SayMicrosoft and Activision Blizzard plan to continue to work toward completing their $75 billion deal by sorting out lingering regulatory issues
Source: WSJ - 🏆 98. / 63 Read more »

Microsoft Extends $69B Activision Blizzard Merger Deal DeadlineIn 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.
Source: THR - 🏆 411. / 53 Read more »

Microsoft and Activision Blizzard Extend $75 Billion Merger DeadlineMicrosoft and Activision Blizzard agreed to extend the deadline for their $75 billion merger until mid-October, a step that will allow them to continue with efforts to gain regulatory approval in the U.K.
Source: WSJ - 🏆 98. / 63 Read more »

Microsoft and Activision extend the deadline for their $68.7 billion merger to October 18th | EngadgetMicrosoft wasn't able to complete its $68.7 billion acquisition of Activision Blizzard by a July 18th deadline.
Source: engadget - 🏆 276. / 63 Read more »