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Microsoft-Activision Merger Deadline Gets Extended Until October

Microsoft’s acquisition of Activision Blizzard will take even longer than expected
by Tit Krajnik on July 19, 2023   

Microsoft and Activision Blizzard have agreed to extend the deadline of the $69 billion merger. The companies now have until October 18 to close out the deal after deciding to extend the original deadline by three months.


Microsoft and Activision Blizzard initially agreed to finalize the deal until July 18; however, that wasn’t easy to achieve. Before the original deadline, Microsoft had to fight the Federal Trade Commission in court to keep the deal alive, with the judge ruling in favor of Microsoft just a couple of days before the July 18 deadline.

The postponed date was announced by Microsoft president Brad Smith, who revealed that Microsoft was able to come to a mutual agreement with Activision Blizzard to move the new deadline, which gives the companies more time to clear up some 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 issues raised in the UK. We are confident about our prospects for getting this deal across the finish line.”

Activision Blizzard issued its own statement, echoing Smit’s statements.

“Given global regulatory approvals and the companies’ confidence that CMA now recognizes there are remedies available to meet their concerns in the U.K., the Activision Blizzard and Microsoft boards of directors have authorized the companies not to terminate the deal until after October 18. We’re confident in our next steps and that our deal will quickly close.”

With three months added to the deadline, this gives Microsoft enough time to finalize its negotiation with the UK’s Competition and Markets Authority (CMA), which remains the final obstacle for the deal. Meanwhile, the FTC is allowed to continue exploring ways to halt the deal despite its failed attempt at the Supreme Court intervention.

Whether the FTC will succeed in its attempts remains to be seen, but the deal looks like it will close in October without any major issues.


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