@_OVOGaming 
Microsoft and Activision Blizzard have agreed to extend the deadline for their $68.7 billion acquisition deal to October 18, 2023, according to a statement by Lulu Cheng the COO of Activision Blizzard, the acquisition has cleared all regulatory hurdles in almost every country that has reviewed it, except for the U.K. where U.K. Competition and Markets Authority (CMA) now seem to be working with Microsoft on friendlier terms as both parties seek a speedy resolution to the Microsoft Activision Blizzard merger saga.
The CMA
The CMA, which has been a vocal opponent of the deal, and granted the extension to review proposals from the two parties to address its concerns over the impact of the deal on the cloud gaming market. Microsoft chose to extend the deal with Activision Blizzard.
The CMA had previously blocked the deal in April, arguing that it would reduce competition and innovation in the nascent cloud gaming sector, where Microsoft is a dominant player with its Xbox Game Pass service.
The regulator had suggested that Microsoft could sell its unit associated with the popular Call of Duty franchise or divest some of Activision Blizzard’s business as possible remedies.
Microsoft, which announced its intent to buy Activision Blizzard in January 2022, has might have offered to divest it’s cloud streaming services in the U.K., we now wait to see what the CMA decides to do.
The FTC
The deal, which would be Microsoft’s largest ever, has also faced regulatory hurdles in the U.S., where the Federal Trade Commission (FTC) filed to block it in June.
The FTC argued that the deal would harm consumers and developers by giving Microsoft too much control over the video game industry.
However, U.S. district court judge (Judge Jacqueline Scott Corley) denied the FTC’s request for a preliminary injunction, which would have prevented the deal from closing.
The FTC has since filed an appeal of the decision, which was denied, with recent reports saying that the FTC was weighing up all options.
Microsoft and Activision Blizzard have expressed confidence that they will be able to complete the deal by the end of August 2023, despite the regulatory challenges.
The two companies have said that the deal will benefit gamers, developers and publishers by bringing more games to more devices and platforms, as well as offering more choices and variety for how to purchase and play games.
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