[VERGE] Microsoft eyes closing its giant Activision Blizzard deal next week
[VERGE] Microsoft eyes closing its giant Activision Blizzard deal next week
Microsoft is getting ready to close its Activision Blizzard deal, with a decision from a UK regulator expected imminently.
[ sourced from The Verge ]
This is the best summary I could come up with:
A source familiar with Microsoft’s plans tells The Verge that the company is eyeing up Friday October 13th as the closing date where it announces to the world that the 20-month process to buy Call of Duty maker Activision Blizzard is over.
That date will still depend on the UK’s Competition and Markets Authority though, a regulator that blocked Microsoft’s deal earlier this year.
A final decision from the CMA is expected next week, and barring any surprise last-minute changes should allow Microsoft to close its deal.
The regulatory battles in Europe came months after the FTC initially sued to block the Activision Blizzard acquisition in the US last year.
The administrative case will commence 21 days after the Ninth Circuit rules on the FTC’s appeal, with the hearing held virtually.
The FTC could attempt to undo Microsoft’s Activision Blizzard deal, assuming it closes on time, but it would face an unprecedented uphill battle.
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