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Microsoft and Activision are reportedly in talks to extend today's deadline for the former's proposed $69 billion acquisition.
The deal was due to be completed by the end of today (Tuesday, July 18). If it is not, Microsoft is expected to pay a $3 billion fee to Activision Blizzard and renegotiate the terms and price of the acquisition.
source https://www.gamesindustry.biz/microsoft-activision-reportedly-discussing-acquisition-deadline-extension