Microsoft’s acquisition of gaming giant Activision Blizzard is on track for a Friday, October 13 closure, according to anonymous sources. While many may see the date as superstitious, executives from both companies seem unfazed.
Earlier this year, the deadline for the agreement was extended to October 18 to address regulatory concerns. Now, Microsoft’s legal department is in the final stages of handling some remaining legal challenges before the deal is completely finalized.
In recent developments, the Competition and Markets Authority has granted preliminary approval to the merger. However, the terms have been restructured to grant Ubisoft the rights to stream Activision Blizzard games in the UK. Both Microsoft and Activision Blizzard consider this approval a major win.
This latest deal follows a victory for Microsoft over the Federal Trade Commission in July, making it increasingly likely for the acquisition to go through. The journey began almost two years ago, with leaked documents revealing Microsoft’s plans for a new Xbox model and potential acquisitions of companies like Sega and Bungie.
As the final steps of the acquisition process unfold, Microsoft is likely eager to leave the saga behind. The company’s focus now turns to integrating Activision Blizzard into its gaming portfolio.
Readers are encouraged to share their thoughts on the acquisition in the comments section, as this deal is sure to have a significant impact on the gaming industry. Stay tuned for updates on this groundbreaking acquisition as it nears its conclusion.
