Activision Blizzard said on Wednesday it has extended the deadline for the close of its $69 billion takeover by Microsoft to Oct. 18 as the companies work to secure approval from the United Kingdom s antitrust authority.
The terms of the extension under negotiation and whether it would come with more financially advantageous terms for Activision could not immediately be learned.
Microsoft and British regulators sought more time from a court Monday as the U.S. tech company uses a rare second chance to overcome opposition to its $69 billion bid for video game maker Activision Blizzard.
The U.S. Federal Trade Commission (FTC) said on Wednesday it was appealing a federal judge s ruling that Microsoft could go forward with its $69 billion purchase of "Call of Duty" maker Activision Blizzard.