* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, September 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Microsoft and Activision extend $69 billion merger deadline to quell CMA concerns

July 20, 2023
in Technology
Microsoft and Activision extend $69 billion merger deadline to quell CMA concerns
Share on FacebookShare on Twitter

TechSpot is celebrating its 25th anniversary. TechSpot means tech analysis and advice you can trust.

In a nutshell: Instead of racing to close its merger with Activision after being handed a legal green light to do so, Microsoft has renegotiated new closing terms with the video game publisher so it can satisfy UK regulators. Under the new plan Redmond has until mid-October.

Earlier this month, Microsoft essentially got the go-ahead to complete its nearly $70 billion merger with Activision after the FTC lost an injunction request. The court’s denial came just in time for the two companies to complete the deal before yesterday’s July 18 deadline. However, the acquisition was still being held up by the UK’s Competition and Markets Authority (CMA).

Microsoft and Activision renegotiated new buyout terms to alleviate the time pressure and the $3 billion breakup penalty. The new deal includes a postponed closing date of October 18. The companies said the three-month delay would allow them time to alleviate “remaining regulatory concerns.”

“Microsoft and Activision Blizzard have jointly agreed to extend the merger agreement deadline from July 18, 2023, to October 18, 2023, to allow for additional time to resolve remaining regulatory concerns,” Microsoft wrote in a brief press release.

Together with @Activision, we are announcing the extension of our merger agreement to 10/18 to provide ample time to work through the final regulatory issues. We will honor all commitments agreed upon with the EC and other regulators and continue to work with the CMA on the…

– Brad Smith (@BradSmi) July 19, 2023

The move virtually hands the FTC what it was asking for from the court, which was more time to prepare a case against the merger. Now the FTC and the CMA have until the middle of October to break the deal unless the Redmond tech titan makes adjustments that resolve the two regulators’ antitrust concerns.

The new agreement also raises the penalty were the deal to fall through. The original termination fee was $3 billion, payable to Activision if Microsoft could not close the deal by July 18. Under the new terms, the breakup fee increases to $3.5 billion on August 29 and $4.5 million on September 15. As long as Microsoft closes the acquisition by October 18, these increases will not matter. However, the applicable penalty will apply if the merger is canceled for any reason before then.

If Microsoft is forced to bow out (because realistically, it’s not going to cancel the deal of its own volition), the penalty windows look like this.

Cancelation:

between now and August 29 – MS owes Activision $3 billion.
between August 29 and September 15 – MS owes $3.5 billion.
between September 15 and October 18 – the fee goes to $4.5 billion.

The likely reason for the new breakup fee schedule is to make it clear that the two companies – both wanting the merger to go through – aren’t gaming the system by arbitrarily extending the originally agreed-upon deadline, which would likely violate the law or SEC and FTC regulations. The changes were filed with the SEC on Tuesday.

Microsoft is positive it can pull off the biggest video game merger in history.

“We are confident about our prospects for getting this deal across the finish line,” Microsoft President Brad Smith tweeted on Wednesday when announcing the renegotiation.

Likewise, TechCrunch notes that Xbox head Phil Spencer penned a memo to staff saying, “Microsoft and Activision Blizzard remain optimistic that we will get our acquisition over the finish line, so we have jointly agreed to extend the merger agreement to October 18, 2023.” Spencer added, “While we can technically close in the United States due to recent legal developments, this extension gives us additional time to resolve the remaining regulatory concerns in the UK.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechSpot – https://www.techspot.com/news/99462-microsoft-activision-extend-69-billion-merger-deadline-quell.html

Tags: activisionMicrosofttechnology
Previous Post

Netflix drops most affordable ad-free tier in the US and the UK

Next Post

Overwatch 2 coming to Steam on August 10, more Blizzard games to follow

U.S. and global growth forecast lifted by OECD as economies surprise to the upside – CNBC

OECD Raises Global and U.S. Growth Outlooks Following Unexpected Economic Resilience

September 24, 2025
McAllen holds entertainment district code enforcement meeting – ValleyCentral.com

McAllen Hosts Key Meeting to Shape the Future of Its Entertainment District

September 24, 2025
Public Health – Northwestern Now News

Public Health – Northwestern Now News

September 23, 2025
Statue of President Trump and Jeffrey Epstein titled ‘Best Friends Forever’ appears on National Mall – CNN

Best Friends Forever’: Controversial Statue of President Trump and Jeffrey Epstein Erected on National Mall

September 23, 2025
Tropical biodiversity loss from land-use change is severely underestimated by local-scale assessments – Nature

Tropical Biodiversity Loss from Land-Use Change Is Much Worse Than Local Studies Show

September 23, 2025
NIH launches $50M Autism Data Science Initiative to unlock causes and improve outcomes – National Institutes of Health (NIH) | (.gov)

NIH Launches $50M Autism Data Science Initiative to Uncover Causes and Improve Lives

September 23, 2025
Scientists make incredible discovery that solves dangerous issue with plastic: ‘We can help the world’ – Yahoo

Scientists make incredible discovery that solves dangerous issue with plastic: ‘We can help the world’ – Yahoo

September 23, 2025
10 money lessons Boomers learned young that still shape their life choices – VegOut

10 Powerful Money Lessons Boomers Learned Early That Still Shape Their Lives Today

September 23, 2025
Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

September 23, 2025
Packers’ Josh Jacobs dealing with a super concerning rushing stat – Yahoo Sports

Packers’ Josh Jacobs dealing with a super concerning rushing stat – Yahoo Sports

September 23, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (833)
  • Economy (854)
  • Entertainment (21,731)
  • General (17,204)
  • Health (9,897)
  • Lifestyle (866)
  • News (22,149)
  • People (856)
  • Politics (864)
  • Science (16,064)
  • Sports (21,353)
  • Technology (15,836)
  • World (837)

Recent News

U.S. and global growth forecast lifted by OECD as economies surprise to the upside – CNBC

OECD Raises Global and U.S. Growth Outlooks Following Unexpected Economic Resilience

September 24, 2025
McAllen holds entertainment district code enforcement meeting – ValleyCentral.com

McAllen Hosts Key Meeting to Shape the Future of Its Entertainment District

September 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version