"Microsoft-Activision Deal: A Game-Changing Partnership for Call of Duty and Beyond"

Microsoft and Activision Blizzard have extended their $69 billion takeover deal deadline to October 18. The agreement includes an increase in the termination fee payable to Activision Blizzard if the transaction is terminated after certain dates. Additionally, there are amendments to Activision Blizzard's commercial Xbox arrangements with Microsoft, valued at up to $250 million for FY23 and FY24. Activision Blizzard reported second-quarter revenue growth of 34.2% YoY, driven by the launch of Diablo IV. The deal has faced opposition from Britain's competition regulator, but Microsoft has forged deals with Nvidia and Sony to address concerns.