Microsoft's acquisition on Activision Blizzard was looking on time but has now been delayed. Originally, the deadline was the 18th of July (yesterday), but it has now been renegotiated to October 18th, setting an additional 3 months on it. These 3 months are being added to work with the CMA (Competition and Markets Authority) in the UK. The reason ? Concerns on Microsoft dominating the Cloud Gaming market. [Thanks, Eurogamer!]
Microsoft and Activision Blizzard have extended the merger agreement deadline to 10/18. We're optimistic about getting this done, and excited about bringing more games to more players everywhere.
— Phil Spencer (@XboxP3) July 19, 2023
Current President of Microsoft had this to say,
Together with @Activision, we are announcing the extension of our merger agreement to 10/18 to provide ample time to work through the final regulatory issues. We will honor all commitments agreed upon with the EC and other regulators and continue to work with the CMA on the…
— Brad Smith (@BradSmi) July 19, 2023
Microsoft shows confidence in revising their deal to agree with the CMA. We'll keep posted with all the merger updates.
