Microsoft is reportedly preparing to close its Activision Blizzard deal next week with a decision from the UK regulator expected imminently.
According to a new report by The Verge, Microsoft is now planning to finalize its $68.7 billion proposed acquisition of Activision Blizzard next week. A source told to publication that the company is looking to close the deal on Friday, October 13, 2023. During that time, it will announce to the world that the 20-month process to buy Activision Blizzard is finally over.
UK CMA will still be the one to make this happen as they are the ones who will give consent to make this deal proceed. The UK Competition and Markets Authority is the regulator who blocked Microsoft’s deal earlier this deal, but after Microsoft made changes to its deal to transfer cloud gaming rights to Ubisoft, it changed its mind.
Today, the deadline for gathering opinions over whether it should grant consent to Microsoft to proceed with the deal expires today. The final decision is expected next week.