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Activision Blizzard Inc. agreed to give Microsoft Corp. three more months to close their $69 billion merger so the companies can iron out remaining regulatory concerns and salvage the biggest video
Activision also declares a cash dividend of 99 cents a share.
Videogame maker Activision Blizzard Inc. ATVI, -0.50% announced Wednesday an agreement with software giant Microsoft Corp. MSFT, +3.98% to extend the merger deadline by three months to Oct. 18. The po
Microsoft and Activision Blizzard on Wednesday agreed to extend the deadline for their merger agreement until Oct. 18, Activision said in a statement on Wednesday.
The companies plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches.
Twenty-two Republican lawmakers urged the Federal Trade Commission to drop its fight against Microsoft's deal to buy video game maker Activision Blizzard.
After clearing the US hurdle for the Microsoft-Activision Blizzard deal, the focus is now on the UK's CMA. FBN Securities Managing Director Brian Lombardi shares how he views the impact of the deal on
Microsoft has cleared nearly all of the major obstacles in its path to securing the biggest acquisition in gaming history but, for gamers, the future remains unclear.
Warren Buffett exited his wager on Microsoft buying Activision Blizzard last quarter, filings show. Buffett built a $5 billion Activision stake, wagering the stock would hit Microsoft's offer of $95.
Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.A) cut a large portion of its stake in Activision Blizzard Inc (NASDAQ:ATVI) as approval of its merger with Microsoft Corporation (NASDAQ:MSFT) edges
The tech giant wants to extend the contract for its $69 billion acquisition of the videogame company, which is due to expire on Tuesday, Reuters reported.
The Activision investment was a form of arbitrage, with Buffett viewing investors as too pessimistic that regulators would approve combining Microsoft's Xbox gaming console business with the publish

Berkshire-Hathaway dumps Activision stock

06:35pm, Monday, 17'th Jul 2023
CNBC's Steve Kovach joins 'Closing Bell Overtime' with breaking news about Activision shares.
Warren Buffett's Berkshire Hathaway Inc. BRK.B, +0.93% BRK.A, +1.18% has cut its stake in videogame publisher Activision Blizzard Inc. ATVI, +3.49% to 1.9%, according to a securities filing late Monda
Berkshire Hathaway, led by CEO Warren Buffett, had invested in videogame maker Activision to capture the arbitrage spread.
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