Microsoft and Activision Extend Deadline for Contested Acquisition
- 10 months ago
Microsoft and Activision , Extend Deadline , for Contested Acquisition .
The Verge reports that Microsoft
and Activision have agreed to extend the
deadline on their massive merger to October 18.
The Verge reports that Microsoft
and Activision have agreed to extend the
deadline on their massive merger to October 18.
The news comes after the companies
missed the original July 18 deadline.
The recent decision in the U.S. and
approvals in 40 countries all validate
that the deal is good for competition,
players and the future of gaming, Lulu Cheng Meservey, Activision Blizzard’s CCO
and EVP of corporate affairs, via Twitter.
The Verge reports that the high-profile
deal is now pending the outcome of ongoing
negotiations with regulators in the U.K.
Given global regulatory approvals and the
companies’ confidence that CMA now
recognizes there are remedies available
to meet their concerns in the U.K., .., Lulu Cheng Meservey, Activision Blizzard’s CCO
and EVP of corporate affairs, via Twitter.
... the Activision Blizzard and Microsoft
boards of directors have authorized
the companies not to terminate
the deal until after October 18, Lulu Cheng Meservey, Activision Blizzard’s CCO
and EVP of corporate affairs, via Twitter.
According to Microsoft Vice Chair and
President Brad Smith, the extension is meant , “to provide ample time to work
through the final regulatory issues.”.
According to Microsoft Vice Chair and
President Brad Smith, the extension is meant , “to provide ample time to work
through the final regulatory issues.”.
The Verge reports that the new deadline
also comes with a higher termination fee
and a new set of commercial arrangements. .
Both companies have agreed to
a $3.5 billion termination fee if
the deal fails to close by August 29. .
Both companies have agreed to
a $3.5 billion termination fee if
the deal fails to close by August 29. .
That fee jumps to $4.5 billion if the merger
is not completed by September 15.
Regulators in the U.K. blocked the deal over
concerns about cloud gaming earlier this year
The Verge reports that Microsoft
and Activision have agreed to extend the
deadline on their massive merger to October 18.
The Verge reports that Microsoft
and Activision have agreed to extend the
deadline on their massive merger to October 18.
The news comes after the companies
missed the original July 18 deadline.
The recent decision in the U.S. and
approvals in 40 countries all validate
that the deal is good for competition,
players and the future of gaming, Lulu Cheng Meservey, Activision Blizzard’s CCO
and EVP of corporate affairs, via Twitter.
The Verge reports that the high-profile
deal is now pending the outcome of ongoing
negotiations with regulators in the U.K.
Given global regulatory approvals and the
companies’ confidence that CMA now
recognizes there are remedies available
to meet their concerns in the U.K., .., Lulu Cheng Meservey, Activision Blizzard’s CCO
and EVP of corporate affairs, via Twitter.
... the Activision Blizzard and Microsoft
boards of directors have authorized
the companies not to terminate
the deal until after October 18, Lulu Cheng Meservey, Activision Blizzard’s CCO
and EVP of corporate affairs, via Twitter.
According to Microsoft Vice Chair and
President Brad Smith, the extension is meant , “to provide ample time to work
through the final regulatory issues.”.
According to Microsoft Vice Chair and
President Brad Smith, the extension is meant , “to provide ample time to work
through the final regulatory issues.”.
The Verge reports that the new deadline
also comes with a higher termination fee
and a new set of commercial arrangements. .
Both companies have agreed to
a $3.5 billion termination fee if
the deal fails to close by August 29. .
Both companies have agreed to
a $3.5 billion termination fee if
the deal fails to close by August 29. .
That fee jumps to $4.5 billion if the merger
is not completed by September 15.
Regulators in the U.K. blocked the deal over
concerns about cloud gaming earlier this year