Microsoft and Activision lengthen acquisition deadline to October 18th!get a brand new three-month grace interval

Microsoft and Activision Blizzard formally announce extension of merger deadline, new deadline is October 18, 2023

According to the article

・It was discovered that Microsoft and Activision Blizzard collectively issued an announcement and prolonged the merger deadline to October 18, 2023.

・Originally, Microsoft was to pay Activision Blizzard a penalty of $3 billion if the acquisition deadline handed, however plainly the 2 firms have reached a brand new settlement via renegotiation, Microsoft President Brad Smith reported that he had sufficient time to settle the ultimate regulatory points. He careworn confidence within the success of the deal, including that he’ll proceed to work with the CMA to resolve the difficulty within the UK whereas sustaining agreements with regulators.

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