Xbox overlord Phil Spencer has announced that the deadline for the Microsoft and Activision Blizzard deal has been extended into October.
Spencer had the following to say on Twitter:
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.
The news comes after the UK’s Competition and Markets Authority (CMA) pushed its own deadline for the final decision on the merger back to August 29, 2023. Microsoft recently celebrated a massive victory in the proposed buyout after winning its court battle with the FTC.
Unsurprisingly, the FTC soon announced that it has decided to appeal the court’s decision to deny it a preliminary junction that would block Microsoft from acquiring Activision. The CMA also remains a roadblock for the deal in the UK, as back in April the organisation ruled against the merger over concerns regarding the growing cloud gaming market.
[Source – Phil Spencer on Twitter]