Summary:
Microsoft and Activision have agreed to extend the deadline for their mega merger by three months to address remaining regulatory concerns. The original deadline for Microsoft’s $68.7 billion acquisition of Activision was July 18, 2022. The extension will provide more time to resolve any outstanding issues before the deal can be finalized.
Key Points:
Here are the key points from the article:
– Microsoft and Activision have agreed to extend the deadline for their merger by three months.
– The extension is intended to address any remaining regulatory concerns.
– The original deadline for the acquisition was July 18, 2022.
– The $68.7 billion deal was announced by Microsoft in January 2022.
– The extension will provide additional time to resolve any outstanding issues before the merger can be completed.
Hot Take:
Well, well, well, it seems like Microsoft and Activision need a little more time to work out their differences. Maybe they should try couples therapy? In any case, this extension shows that even mega mergers can hit a few bumps along the way. Let’s hope they can iron out those regulatory concerns and seal the deal soon.
Conclusion:
Microsoft and Activision have agreed to extend the deadline for their merger by three months to address remaining regulatory concerns. This extension will provide more time to resolve any outstanding issues before the $68.7 billion deal can be finalized. It’s a reminder that even big tech companies face hurdles when it comes to mergers and acquisitions. We’ll be eagerly waiting to see if they can overcome these challenges and make this mega merger a reality.
Original article: https://techcrunch.com/2023/07/19/microsoft-activision-deal-deadline/
