Microsoft and Activision Blizzard agree three-month extension for their proposed merger

Microsoft and Activision Blizzard have extended the deadline for their $69 billion merger by three months “to work through the final regulatory issues,” according to Microsoft president Brad Smith. The two companies had failed to meet their previous self-imposed deadline of yesterday, July 18th, and Microsoft have now avoided paying a $3 billion fine by renegotiating a new deadline: October 18th. Read more