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Microsoft and Activision Blizzard agreed on Wednesday to extend the deadline for their merger agreement to Oct. 18, Activision said in a statement on Wednesday.
The companies had agreed to close the deal by July 18, but opposition from U.S. and U.K. regulators delayed the acquisition.
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The delay follows the UK Competition and Markets Authority’s decision to postpone the review of the deal until 29 August. Microsoft and Activision are now giving themselves enough time for the CMA assessment to be completed.
The CMA initially blocked the deal in May, citing concerns that competition in the nascent cloud gaming market was threatened.
After the FTC’s attempt to block the deal failed in court, the U.K. regulator reversed tack and suspended all proceedings.
The CMA said it was “ready to consider any proposal for a restructuring transaction” by Microsoft to satisfy the regulator’s concerns.
This is a breaking news report and will be updated soon.