Following today's announcement that Microsoft's takeover of Activision Blizzard has been given a new deadline of October 18th, an email sent by Xbox's Phil Spencer to employees has been revealed by The Verge.
In the email, Spencer acknowledges that Microsoft could technically close the acquisition in the United States due to "legal developments" regarding the FTC over the past week, but the company is holding off due to the UK CMA.
"While we can technically close in the United States due to recent legal developments, this extension gives us additional time to resolve the remaining regulatory concerns in the UK."
Of course, the UK CMA officially blocked the takeover back in late April, but has recently shown signs of being willing to work with Microsoft on finding a resolution that will suit all parties. However, the regulator needs a little longer to deliberate on this.
Spencer undoubtedly seems confident that the Activision Blizzard deal will be completed soon, telling employees that the deal is "mov[ing] even closer to the finish line", so fingers crossed we get a resolution before that October date.
"As we move even closer to the finish line, we are more excited than ever before about furthering our mission to bring more games to more players everywhere."