The July 18 deadline for Microsoft to close its deal to buy Activision Blizzard has come and gone, but both parties have now agreed to extend their deadline to October 18 under new terms.
The three-month extension comes amid the appeals process in the UK, which blocked the deal over concerns around the cloud gaming market.
Activision said in a note to press that the deadline with Microsoft was extended on the condition that Microsoft pay a higher termination fee if the deal doesn’t happen and other “new commercial arrangements.”