Microsoft and Activision Blizzard are reportedly negotiating an extension to their existing merger agreement, which expires on Tuesday
are reportedly negotiating an extension to their existing merger agreement, which expires on Tuesday.
After the July 18 deadline, both companies have the right to walk away from the $69 billion deal, although Microsoft will have to paysource claimed Microsoft has been pushing for a contract extension to ward off potential interest in Activision from other suitors, and to ensure the Call of Duty maker doesn’t have a change of heart before the deal can be completed.
Amending the contract opens the possibility of changes to the financial terms of the deal, which Activision could seek to exploit.after winning a court battle with antirust regulator the Federal Trade Commission. However, the company has yet to seal the approval of the UK’s Competition and Markets Authority , which remains the last major roadblock to the deal closing.
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