Activision Blizzard, Microsoft Extend Deal to Oct. 18
19 Julho 2023 - 10:18AM
Dow Jones News
By Ben Glickman
Microsoft and Activision Blizzaard extended their merger
agreement to Oct. 18, giving the companies more time to clear
regulatory hurdles.
Activision said Wednesday that the companies' merger agreement
had been extended in exchange for a higher termination fee.
Microsoft will pay Activision between $3 billion and $3.5 billion
if the acquisition is terminated after Aug. 29, and up to $4.5
billion if the deal is terminated after Sept. 15.
The Santa Monica, Calif.-based video game studio said the
extended merger deal allows the company to pay up to 99 cents a
share in dividends prior to the closing of the deal. The board of
the company declared that dividend Tuesday, the company said,
payable to shareholders as of Aug. 2.
The extended arrangement also changes Activision's commercial
arrangement with Microsoft.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
July 19, 2023 09:03 ET (13:03 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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