Microsoft And Activision Blizzard announced the expected postponement of the closing date of the transaction. Instead of July 18, the date now falls on October 18. british expression Competition Authority (CMA) but he must come in August 29 and the purchase must take place as soon as possible thereafter. The autumn months are only a reserve.
If the deal does not go through after the agreed time, Microsoft will have to pay Activision Blizzard a fixed amount. While it was nearly $3 billion, the companies agreed to a 66 percent increase by the newly set date. However, both sides are convinced of closing the deal. Neither the total value of the business nor the share bonus increased, and shareholders were paid dividends.
More than a week ago, Microsoft agreed with the CMA to suspend the appeal process after winning in US federal court. But the UK Court of Appeal (CAT) only approved the move yesterday (Monday 18 July). Another CMA review was also allowed due to a change in circumstances – the signing of a ten-year contract to publish Call of Duty on the PlayStation. At the same time, Microsoft had to offer the sale of streaming rights in the UK.
Source : Zing
