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U.S. antitrust regulators continue to circle Activision Blizzard’s proposed merger with Microsoft.
Earlier this month, the Federal Trade Commission asked the Santa Monica-based video game publisher to hand over “additional information and documentary material” as part of its ongoing review of the $69 billion deal, Activision noted in a regulatory filing on Monday. The filing also said the Seattle tech giant was complying with a similar request from the FTC.
While the two companies have until January 2023 to seal their marriage—a deadline that can twice be extended by three months, to July 2023 at the latest—the clock is ticking. And as Axios explained today, both Activision and Microsoft will face significant financial fallout if the deal collapses, whether one of the parties pulls out or regulators block the transaction….
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