Activision Blizzard and Microsoft have recently announced the extension of their $69 billion deal deadline by three months until October 18. The extension comes as the two companies seek approval from UK authorities for what could be the largest gaming deal in history. Read on to learn more.
Microsoft and Activision on Wednesday extended the deadline for the close of their $69 billion deal by three months to Oct. 18 as the American companies work to secure British approval for the biggest gaming deal in history.
In a bid to acquire Activision Blizzard for a staggering $68.7 billion, Microsoft faced a significant hurdle when the British Competition and Markets Authority (CMA) blocked the acquisition. However, recent developments have led to a temporary halt in the proceedings, allowing for further negotiations to resolve the dispute.