1/3/2024 0 Comments Xbox game pass deals reddit"We're confident in our next steps and that our deal will quickly close." "Given global regulatory approvals and the companies' confidence that CMA now recognizes there are remedies available to meet their concerns in the UK, the Activision Blizzard and Microsoft boards of directors have authorized the companies not to terminate the deal until after October 18," an Activision Blizzard spokesperson said Wednesday. That termination fee has been increased to US$3.5 billion with the extension. Both Microsoft and Activision had agreed that either party could walk away from the planned merger if it hadn't closed by then, triggering Microsoft to potentially have to pay a US$3 billion breakup fee unless both sides decided to renegotiate. Tuesday marked an important deadline for the deal announced 18 months earlier. The extension comes with a bigger termination fee, should the deal be called off, and a number of other new agreements. "We are confident about our prospects for getting this deal across the finish line," Smith said. Business news stories from across Canada and the world.18 will provide enough time to work through the remaining regulatory issues, said Brad Smith, the company's president. Microsoft believes that pushing back the deadline to Oct. The deadline for Microsoft's US$69 billion acquisition of video game company Activision Blizzard has been extended as the companies seek to close a deal that has been challenged by regulators in the U.S., as well as by U.K.'s Competition and Markets Authority.
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