Microsoft Activision Blizzard Acquisition

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.

The Competition and Markets Authority (CMA) in the UK has blocked Microsoft’s $68.7bn (£55bn) deal to acquire video game maker Activision Blizzard.

The European Commission—the body overseeing the Microsoft and Activision Blizzard merger—approved the $68.7 billion deal to go forward

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.

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.

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 Blizzard have extended the deadline of their proposed merger until 18th October this year.

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.

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 has launched an exchange offer for Activision Blizzard’s outstanding debt as part of its acquisition of the company.