Microsoft Activision Blizzard Acquisition
Microsoft to acquire Activision Blizzard for $68.7bn
Microsoft has agreed to buy video game maker Activision Blizzard, for around $68.7bn, including net cash, in the biggest deal ever for the company.
CMA blocks Microsoft’s acquisition of Activision Blizzard in UK
The Competition and Markets Authority (CMA) in the UK has blocked Microsoft's $68.7bn (£55bn) deal to acquire video game maker Activision Blizzard.
EU approves Microsoft’s acquisition of Activision Blizzard
The European Commission—the body overseeing the Microsoft and Activision Blizzard merger—approved the $68.7 billion deal to go forward
Federal judge blocks Microsoft/Activision deal temporarily
A federal judge in the U.S. has issued a temporary restraining order blocking Microsoft's acquisition of Activision, pending hearings on the preliminary injunction being sought by the Federal Trade Commission in the case.
US Federal Judge denies FTC injunction request as Microsoft/Activision deal moves closer
A federal judge in the U.S. has denied the Federal Trade Commission’s motion for a preliminary injunction to stop Microsoft's acquisition of Activision.
CMA extends deadline for Microsoft/Activision probe
The U.K. competition regulator on Friday said it is extending the deadline for its review of Microsoft's acquisition of Activision by six weeks.
Microsoft and Activision extend merger deadline to October
Microsoft and Activision Blizzard have extended the deadline of their proposed merger until 18th October this year.
Microsoft submits amended proposal to CMA over Activision merger
Microsoft has made amendments to its proposed $69bn (£54bn) takeover of Activision Blizzard, in an attempt to win over the UK competition regulator that blocked the deal.
CMA approves Microsoft Activision deal in UK
Microsoft has closed its $75bn acquisition of Activision Blizzard following its clearance by the CMA, ending 21 months of uncertainty over the video games industry’s biggest-ever deal.
Microsoft Launches $3.65 Billion Exchange for Activision Debt
Microsoft has launched an exchange offer for Activision Blizzard’s outstanding debt as part of its acquisition of the company.
Microsoft has launched an exchange offer for Activision Blizzard’s outstanding debt as part of its acquisition of the company.
Microsoft will replace the Activision securities currently held by bondholders with up to $3.65 billion of new notes and a cash consideration, according to a statement.
As part of the exchange offer, Activision will be soliciting consents from eligible bondholders “to adopt certain proposed amendments” to the existing bond that will get rid of certain covenants, restrictive provisions and events of default, according to the release.
The early tender date for the offer is October 27, at which time bondholders would be eligible to receive the total exchange consideration. The last day for bondholders to submit tender offers is November 14. Both dates are able to be extended by the company.
On Monday, Microsoft completed its $69 billion purchase of Activision after a nearly two-year fight with global regulators threatened to scuttle the deal. The transaction was able to close after Microsoft made alterations to its merger agreement to win over UK authorities.
The US Federal Trade Commission, which lost an attempt to block the deal in court, continues to pursue legal action in its own administrative hearing. That could still force the two companies to unwind the merger if the commission is successful.
