Microsoft has agreed to extend the deadline for its $68.7 billion acquisition of Activision Blizzard by three months to October 18, 2023.
The deal has been pending for 18 months and the closing was expected to happen by July 18, but regulatory delays have held up the closing. If the deal doesn’t close by October 18, then Activision Blizzard will get a higher breakup fee of $4.5 billion, compared to the previous breakup fee of $3 billion.
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