Microsoft in talks to extend deal deadline to prevent Activision from being attracted by another buyer – GameTopic
Microsoft in talks to extend deal deadline to prevent Activision from being attracted by another buyer - GameTopic
Microsoft’s $69 billion buyout of Activision may have hit a roadblock, but it’s not game over just yet! 🎮
Microsoft is currently in talks with Activision to extend the deadline for their epic gaming merger. Originally set for today, July 18, both parties are eager to ensure the deal goes through. Microsoft, in particular, wants to make sure Activision doesn’t get swayed by another suitor or have a sudden change of heart. Can you blame them? I mean, who wouldn’t want to join forces with the gaming giant?
But hey, let’s step back for a moment. Before we dive deeper into the details, let’s enjoy a good meme that perfectly captures the mood right now:
Okay, back to business! Yesterday, a judge on the UK’s Competition Appeal Tribunal pressed the pause button on Microsoft’s appeal against the Competition and Markets Authority (CMA). This means there’s more time for negotiations between Microsoft and the CMA, who initially blocked the acquisition in April. The CMA cited monopolization concerns in the world of cloud gaming, but Microsoft is determined to prove them wrong. Game on!
In a statement, a Microsoft spokesperson expressed their gratitude for the pause, saying they’re working on modifying the transaction to address the CMA’s concerns. They’re keen to find a prompt path forward and complete the acquisition. You know these negotiations are like intense boss battles – challenging but totally worth it!
The good news is that the CMA is open to renegotiation after Microsoft’s recent victory in a merger case against the FTC. To satisfy the CMA’s anti-trust concerns, Microsoft is even considering a possible divestiture, maybe even related to its cloud gaming business. We’re all just waiting to see how this unfolds. It’s like waiting for the release of a highly anticipated game – the anticipation is real!
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Before we close this chapter, here’s a fun fact to ponder. Just last week, Microsoft and Sony signed a deal to keep Call of Duty exclusively on PlayStation consoles for the next 10 years. Oh, the power players are making strategic moves!
So, gamers and non-gamers alike, buckle up and hold onto your controllers. The battle for the biggest acquisition in gaming history is still raging on, and we’re all eager spectators. Stay tuned for the next level of this thrilling saga!
About the Author
Wesley Yin-Poole is GameTopic’s UK News Editor and resident gaming expert. Follow him on Twitter at [@wyp100](https://twitter.com/wyp100). Have any juicy gaming news or insights? Reach out to Wesley at [email protected] or, for an extra dose of secrecy, confidentially at [email protected].
