Microsoft and British regulators sought more time from a court Monday as the U.S. tech company uses a rare second chance to overcome opposition to its $69 billion bid for video game maker Activision Blizzard.
FILE - Visitors passing an advertisement for the video game 'Call of Duty' at the Gamescom fair for computer games in Cologne, Germany, Aug. 22, 2017. Microsoft has signed an agreement with Sony to keep the Call of Duty video game series on PlayStation following the tech giants acquisition of the video game maker Activision Blizzard. The announcement was made Sunday, July 16, 2023 in a Twitter post by Phil Spencer, who heads up Microsofts Xbox.
Also on Monday, a group of gamers who've described themselves as Activision fans made a last-ditch effort to stop the deal in the U.S., asking the Supreme Court for an emergency order that would block Microsoft from imminently closing the deal before its self-imposed Tuesday deadline.faced opposition from antitrust regulatorsThe U.K. blocked the deal on concerns that it would stifle competition in the small but fast-growing cloud gaming market.
The British watchdog said last week that it’s giving itself six extra weeks to consider Microsoft’s submission outlining new developments and “special reasons” why the deal should be approved. The judge acknowledged the need to come up with a speedy decision before Tuesday, which marks an important deadline for the deal. Both Microsoft and Activision had agreed that either party could walk away from the planned merger if it hasn’t closed by then, triggering Microsoft to potentially have to pay a $3 billion breakup fee unless both sides decided to renegotiate.
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