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UK regulator extends Microsoft-Activision deadline to Aug 29

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken on January 18, 2022 — Reuters illustration/Files
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken on January 18, 2022 — Reuters illustration/Files

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Britain's competition regulator on Friday extended its final deadline on Microsoft's $69 billion Activision Blizzard deal to August 29 after it received a "detailed and complex" new proposal from Microsoft that claimed material changes in circumstance.

The Competition and Markets Authority (CMA) become the first major regulator to block the acquisition of the "Call of Duty" maker in April when it issued its final report.

Yet on Wednesday the CMA said a restructured deal between Microsoft and Activision could satisfy its concerns, subject to a new investigation.

On Friday it extended its deadline to either accept final undertakings or make a final order by six weeks to August 29, although it said it would aim to do it as soon as possible and before that date.

The US FTC on Thursday was still trying to halt the deal by asking the Ninth Circuit Court of Appeals for a "temporary pause" on the companies closing it.

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