Microsoft and Activision Blizzard extend merger deadline amid regulatory scrutiny

• Microsoft and Activision Blizzard agreed to extend the merger deadline to October 18 to allow more time to obtain regulatory approval.
• The UK's Competition and Markets Authority remains the key hurdle, while the FTC is pausing its lawsuit against the deal.
• Microsoft signed a 10-year deal with Sony to keep Call of Duty on PlayStation consoles.
• The increased termination fee for Microsoft if the deal falls through could be up to $4.5 billion.
• Microsoft and Activision Blizzard express confidence the merger will eventually be approved.

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