The CRD will entirely withdraw the allegations and dismiss its systemic harassment-related claims, according to the settlement agreement that was seen by Reuters.
Microsoft believes that pushing back the deadline to Oct. 18 will provide enough time to work through the remaining regulatory issues, said Brad Smith, the company's president.
Microsoft, Activision Blizzard and UK's Competitions and Markets Authority had asked for a two-month stay to give parties time to resolve the dispute.
Both companies suggested that such a delay would effectively force them to abandon the takeover agreement they signed nearly 18 months ago.
The deal is also under threat in the US giant's homeland, where last year the Federal Trade Commission (FTC) launched a legal action to block it, one of Washington's biggest ever interventions to stop tech industry consolidation.
The Diablo IV beta weekend has seen many complaints from players who are finding themselves in long queue times
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The data contained employee details, contact information, and scheduled content for Call of Duty
We tell you how Google hasn't had the best start for Bard, its answer to ChatGPT. Apple is looking to increase prices of iPhone 15, OnePlus has ditched the Pro variant, Elon Musk fires a Twitter engineer over the poor engagement of his tweets, Opera is looking to integrate ChatGPT and Activision Blizzard CEO calls Sony out are among the other big stories of the week.
Microsoft faces another roadblock in the Activision/Blizzard deal
The point of contention remains the lucrative Call of Duty franchise. Microsoft has said it was 'listening carefully to the European Commission's concerns' and is confident that these can be addressed
They have told the US trade regulator that Microsoft will gain an unfair advantage in mobile, subscription and cloud services if the merger goes through
This means Microsoft will now have to wait longer while the CMA decides on the approval of the deal
From buggy launches to Indian eSports finally being recognized as a sport, there was a lot that happened in the gaming industry
Both companies have submitted detailed filings with the FTC, denying the move is anti-competitive
The UK Commissions and Markets Authority had in October invited the public to share their thoughts on Microsoft's proposed acquisition of Activision Blizzard
Microsoft has been sued by 10 people who believe the merger will harm competition
The two companies have been locked in a war of words over Microsoft's proposed acquisition of Activision Blizzard
Microsoft offered and even sent a draft agreement for a long-term Call of Duty commitment but it wasn’t necessary Newell has said
The $68.7 billion acquisition has already hit a number of road blocks but this is the biggest one yet
The Redmond technology giant said that the Japanese console maker was busy talking to regulators rather than talk to them
Warzone 2 is a free-to-play battle royale game that was released as an add-on component to Modern Warfare 2
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Modern Warfare 2 has now become the fastest game in the franchise to cross the $1 billion mark
The game has already surpassed $800 million in just 3 days