The Activision Blizzard takeover deadline may not have been met

According to the insider, Microsoft and Activision do not intend to walk away from the deal if the deadline is not met and they want to continue talking. The merger agreement set July 18 as the date when the two companies could leave the negotiating table. If that happens, Microsoft will have to pay Activision Blizzard $3 billion as some kind of punishment for the failed acquisition.

The Federal Trade Commission (FTC), which monitors US competition, failed to block the deal in court. The Competition and Markets Authority (CMA) has announced that it will start new talks to address the UK government’s concerns.

About the acquisition of Activision Blizzard, famous for the popular shooter Call of dutya lot of fuss because Microsoft has its own game console with Xbox and regulators fear that Activision Blizzard games will soon come out only for this console.

Microsoft has now struck a deal with Sony Call of duty It will continue to appear on the Japanese technology group’s PlayStation computers even after the acquisition. In February, Microsoft also struck a deal with Nintendo Call of duty. So that will be available for Nintendo game consoles for the next 10 years.