Microsoft Reportedly Plans to Buy Activision Blizzard This Week
Microsoft’s (MSFT) long-running bid for Activision Blizzard (ATVI) reportedly ends during this week with the imminent completion of its $69 billion buyout of the company behind Call of Duty.
Microsoft’s (MSFT) long-running bid for Activision Blizzard (ATVI) reportedly ends during this week with the imminent completion of its $69 billion buyout of the company behind Call of Duty.
The Verge reports Microsoft will seal the deal on Friday, October 13, pending final approval from the UK. If true, it’ll go through just five days before the October 18 deadline agreed by Microsoft and Activision.
Last month, the UK’s Competition and Markets Authority (CMA) provisionally approved Microsoft’s purchase of Activision Blizzard after a new deal was submitted that included the divestiture of its cloud gaming business to Assassin’s Creed maker Ubisoft. Final approval from the CMA is expected next week, opening the door to Microsoft completing the merger immediately after.
Microsoft has already defeated the U.S.’s Federal Trade Commission (FTC) in court, obtained approval from key regulator the European Commission, and secured an agreement with console rival Sony for the provision of Activision games on PlayStation for a decade.
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