Deals
Microsoft-Activision Deal Poised to Close Later Than Planned
- UK veto will prevent closing by July 18 deadline in agreement
- Companies don’t intend to walk away, will continue UK talks
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Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t likely to close it by a Tuesday deadline, people familiar with the deal said.
The companies don’t plan to walk away from the deal and will continue seeking the final regulatory approvals needed for closing, said the people, who declined to be named because they were not authorized to speak publicly on the matter.