Activision, Microsoft Extend Closing on $69 Billion Deal
- New agreement extends deadline three months to Oct. 18
- Breakup fee increases to up to $4.5 billion after Sept. 15
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Activision Blizzard Inc. agreed to give Microsoft Corp. three more months to iron out regulatory issues and close the biggest video-game deal of all time.
The $69 billion agreement between the two companies, originally struck early last year, was set to expire at 11:59 p.m. Tuesday in California. Now the companies will have until Oct. 18, according to a regulatory filing on Wednesday.