Microsoft And Activision Blizzard Extend Deadline To Complete Acquisition To October
Microsoft and Activision Blizzard now have until October to complete their merger.
More specifically, Activision Blizzard and Microsoft have <a href=«https://view.officeapps.live.com/op/view.aspx?src=» https: target="_blank">jointly agreed
to extend the merger agreement from July 18 to October 18, 2023, giving both companies roughly three months to sort through this purchase. As for why, Microsoft says it is “to allow for additional time to resolve remaining regulatory concerns.”
Microsoft vice chair and president Brad Smith tweeted, “Together with Activision, we are announcing the extension of our merger agreement to 10/18 to provide ample time to work through final regulatory issues. We will honor all commitments agreed upon with the EC and othe regulators and continue to work with the CMS on the issues raised in the UK. We are confident about our prospects for getting this deal across the finish line.”
Together with <a href=«https://twitter.com/Activision?ref_src=» https:>@Activision
, we are announcing the extension of our merger agreement to 10/18 to provide ample time to work through the final regulatory issues. We will honor all commitments agreed upon with the EC and other regulators and continue to work with the CMA on the…
Smith mentions Microsoft’s ongoing wrinkles in the U.K. where the Competition and Markets Authority blocked the acquisition in April citing concerns over cloud gaming. A California Judge denied the Federal Trade Commission’s move for a preliminary injunction in the U.S.-based regulatory agency’s case against the acquisition. The FTC then moved to appeal this decision and that was denied, giving Microsoft the greenlight to complete its purchase of Activision Blizzard in the U.S.
Despite
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