The European Commission, which is currently reviewing a potential deal between Microsoft and Activision Blizzard, has pushed back the merger deadline several times. At the beginning of this year, it was assumed that the decision would be made on April 10, in early March the deadline was shifted to April 25, and today they announced another postponement of the deadline for the decision on the transaction – to May 22, 2023.
The deadline shift this time, according to Reuters, is due to Microsoft’s proposed remedies to approve the deal. What exactly Microsoft offered is unknown, but it is assumed that we are talking about contracts between the corporation and a number of cloud services and companies (Nintendo, NVIDIA, Boosteroid and Ubitus) for the release of Xbox and Activision games in the future.
Now the European Commission needs more time to interview competitors and customers to make a final decision on the deal.