Microsoft deal with Activision is said to have breakup fee of about $3B (update)
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Update 9:11am: Adds reporting on likely no other bidders.
Microsoft's (NASDAQ:MSFT) almost $70B deal to acquire Activision (NASDAQ:ATVI) is expected to have a breakup fee of about $3B, according to CNBC's Andrew Ross Sorkin.
There don't appear to be any other bidders for Activision (ATVI), according to CNBC's David Faber.

The large breakup fee appears to indicate that the companies believe they will be able to secure antitrust approval for the Activision deal, according to Ross Sorkin.
Microsoft (MSFT) announced it was buying Activision (ATVI) for $95 per share in cash, a 45% premium, as the Redmond, Washington-based tech giant expands its exposure to video games.
Activision (ATVI) shares surged more than 38% to $90.75 after the deal was first reported by The Wall Street Journal, while Microsoft (MSFT) fell more than 3% to $300.63.