Microsoft looks to close Activision deal next week - The Verge
Reuters
Published Oct 06, 2023 06:11AM ET
Updated Oct 06, 2023 11:31AM ET
(Reuters) -Microsoft is aiming to close its $69 billion deal for "Call of Duty" publisher Activision Blizzard (NASDAQ:ATVI) on Oct. 13 if it gets approval from Britain's antitrust regulator, the Verge reported on Friday, citing a source.
The Xbox maker had in July extended the cutoff date for the deal to Oct. 18 to get more time to secure approval from the UK.
Microsoft (NASDAQ:MSFT) declined to comment, while Activision did not respond to a Reuters request for comment.
Microsoft won preliminary approval from the Competition and Markets Authority last month after Activision agreed to sell its streaming rights to Ubisoft Entertainment.
If successful the purchase would mark the biggest deal in the gaming industry, bringing together Microsoft's heft in the console market with Activision's titles including "Call of Duty" and "World of Warcraft".
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.