What you need to know
- Microsoft is attempting to buy Activision Blizzard for almost $69 billion.
- After the FTC in the U.S. was denied injunctive relief to halt the purchase, only the CMA in the U.K. remains as an obstacle to keep the deal from going through.
- The CAT agreed to halt the appeal process at the request of both Microsoft and the CMA, in order for the two to reach a new agreement, pending some additional information.
- Microsoft and Activision will likely be negotiating an extension for the deal's closing date, which is currently set for July 18, 2023.
