Head of Xbox Phil Spencer (Phil Spencer) said that Microsoft and Activision Blizzard have agreed to extend the registration period
What is known
The corporation is forced to spend extra time to resolve the issue with the CMA, which remained the only obstacle before signing the largest deal in the gaming industry.
As UK regulators are conductingfurther investigation, they postponed their decision until 29 August. Microsoft is expected to make some concessions that will affect the cloud market.
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
Microsoft President Brad Smith (Brad Smith) said that his corporation has reached a consensus with Activision Blizzard to increase compensation for the protracted process.
So, if the deal is not finalized by August 29, then the amount of payments will be $3.5 billion, if the case drags on until September 15, then the amount of compensation will increase to $4.5 billion.
Together with @Activision, we are announcing theextension 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