Microsoft and Activision Blizzard are reportedly negotiating an extension to their current merger settlement, which expires on Tuesday.

After the July 18 deadline, each firms have the correct to stroll away from the $69 billion deal, though Microsoft should pay Activision a $3 billion termination price if it falls by.

A Reuters supply claimed Microsoft has been pushing for a contract extension to push back potential curiosity in Activision from different suitors, and to make sure the Name of Responsibility maker doesn’t have a change of coronary heart earlier than the deal could be accomplished.

Amending the contract opens the potential for modifications to the monetary phrases of the deal, which Activision might search to take advantage of.

Microsoft was not too long ago cleared to amass Activision within the US after profitable a court docket battle with antirust regulator the Federal Commerce Fee.

Nevertheless, the corporate has but to seal the approval of the UK’s Competitors and Markets Authority (CMA), which stays the final main roadblock to the deal closing.

Final week the CMA prolonged the deadline for its ultimate resolution on the deal from as we speak till August 29 in order that it might think about a contemporary proposal from Microsoft.

The Xbox maker is reportedly contemplating promoting a few of its UK cloud gaming rights in a bid to achieve approval for the merger.