Following negotiations with UK regulators, Microsoft and Activision Blizzard have agreed to extend their merger agreement until October 18. The companies have committed to following all regulatory agreements and will work with the CMA to address any concerns raised in the UK. Microsoft Vice Chairman and President Brad Smith expressed confidence in finalizing the deal.
The updated agreement also includes revised compensation amounts. If either party decides to withdraw from the deal after August 29, they will have to pay $3.5 billion to the other party. This amount will increase to $4.5 billion if the termination occurs after September 15. Activision Blizzard has also agreed to consider separating certain assets or finding other legal alternatives to enable the merger to proceed.
Although the US regulator FTC still opposes the merger, it has been approved in over 40 countries worldwide. The companies are permitted to finalize the deal in the US due to an earlier court decision.
Support us
Winaero greatly relies on your support. You can help the site keep bringing you interesting and useful content and software by using these options:
If you like this article, please share it using the buttons below. It won't take a lot from you, but it will help us grow. Thanks for your support!
Advertisеment
