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Microsoft To Close Activision Blizzard Deal Next Week - Report
After 20 months, multiple lawsuits, massive leaks, and other drama and controversy, Microsoft's blockbuster $68.7 billion deal to acquire Activision Blizzard may finally close soon. The Verge reports that Microsoft is eyeing Friday, October 13 to officially close the acquisition. Friday the 13th is known anecdotally to be a generally unlucky day, but facts and data do not show any significant uptick in bad stuff happening on Friday the 13th.
Microsoft recently restructured its deal in the UK and sold cloud gaming rights for existing and upcoming Activision Blizzard games to Ubisoft to help get the deal done. The Competition & Markets Authority (CMA) in the UK has given Microsoft preliminary approval to close the deal, and the deadline for which the CMA will solicit opinions is today, October 6. The CMA said it will issue its final judgement on or before October 18. This timeline would seemingly allow Microsoft to close the deal on Friday, October 13, provided there are no further roadblocks.
Microsoft originally announced its intent to buy Activision Blizzard in January 2022, so it's been a long time coming, but no one expected the deal to close quickly. Given the size of the buyout--it is Microsoft's biggest by far and among the largest ever in the technology space--the deal was expected to face regulatory scrutiny.
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