Microsoft eyes closing Activision deal next Friday - report
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Microsoft (NASDAQ:MSFT) is eyeing next Friday as the closing date for its planned $69 billion acquisition of videogame giant Activision (NASDAQ:ATVI).
The date still depends on when the UK's antitrust authority gives its final approval to the combination, according to a report in The Verge, which cited a person familiar with Microsoft's (MSFT) plans. The UK's Competition and Markets Authority has a deadline of this Friday for getting opinions on Microsoft's remedy, and a final decision from the regulator is expected next week.
The latest news comes after CTFN reported on Wednesday that the CMA may make a decision on the deal as soon as next week. The UK is on target to deliver its decision on the acquisition before an Oct. 18 deadline.
The UK's antitrust authority gave preliminary approval for the transaction last month after Microsoft (MSFT) presented a new remedy.

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