Activision Blizzard Acquisition Deadline Extended To October 18

Expert Verified By

New Date Provides More Time For Regulators!

Microsoft’s Activision Blizzard acquisition has been in progress for over a year. The gaming giant recently won the court case against FTC, but the deal is yet to be closed.

Following the loss, the FTC has been called out for wasting tax money on Activision’s appeal. As of now, things are looking good for Microsoft, and people expect it to complete the merger soon.

However, the gaming giant had set a deadline of July 18 for the acquisition. This deadline for the deal has passed, but the gaming giants have agreed to change the date, extending the agreement to October.

Why it matters: Following the deadline, either company was free to walk away from the acquisition, but reports had already indicated that they would agree to an extension.

 

While Microsoft has already cleared the hurdles from the FTC, the CMA remains a significant problem.

The CMA recently agreed to hold discussions with Microsoft, but the regulator is looking to carry out further investigations. This would drag the deal for a few more weeks, with a conclusion seeming likely in the coming months.

According to Brad Smith, the extension should provide enough time to deal with these issues. This should also mean any remaining countries can deliver their final verdict on the deal before the deadline.

Sony and Microsoft have also signed an agreement. This guarantees future Call of Duty titles on PlayStation for a decade. However, the contract does not concern other Activision games, potentially hinting at various Activision exclusives for Xbox.

Nonetheless, the merger’s success is all but guaranteed. With a new deadline in place, the next few months could bring massive announcements from Microsoft and Activision.

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Gear Up For Latest News

Get exclusive gaming & tech news before it drops. Sign up today!

Join Our Community

Still having issues? Join the Tech4Gamers Forum for expert help and community support!

Latest News

Join Our Community

104,000FansLike
32,122FollowersFollow

Trending

Corsair Releases GeForce RTX 50-Powered Vengeance Pre-built PCs

Corsair's latest Vengeance gaming PCs boast best-in-class Nvidia and Intel/AMD hardware for the complete package.

Leaked Ubisoft Email Reveals The Company Is on The Verge of Bankruptcy

A leaked email from Ubisoft has revealed that more layoffs are imminent, suggesting the company is on the verge of bankruptcy.

RTX 5070 Allegedly Slower Than RTX 4070 Super Without Multi-Frame Generation

RTX 5070 and 4070 Super share the same number of ROPs, but the reduction in CUDA cores and TMUs could lead to a dip in raw performance.

Game Pass Sets A New Quarterly Revenue Record As Subs Grow By 30%, Microsoft Reveals

According to a new Xbox quarterly report, Game Pass has set a whole new record in quarterly revenue as subscribers grew by a staggering 30%.

Rockstar Games To Sell GTA Online Separately From GTA 6, Claims Insider

A reputable insider has revealed that Rockstar Games will sell two editions of GTA 6 right from the launch, with one only having online mode.