They will extend the termination date again

'abk':3 'approv':6 'buy':2 'msft':1 'uk':5

'abk':3 'approv':6 'buy':2 'msft':1 'uk':5 'without':4

The merger agreement may be terminated at any time prior to the effective time of the merger, whether before or after the adoption of the merger agreement by Activision Blizzard stockholders, in the following ways:

• by either Activision Blizzard or Microsoft if:

• the merger has not been consummated before 11:59 p.m., Pacific time, on January 18, 2023, which we refer to as the “termination date,” except that (i) if all conditions have been satisfied (other than those conditions to be satisfied at the time of closing of the merger) or waived (to the extent permitted by applicable law) by that date, but on that date the regulatory conditions or the injunction condition (solely with respect to antitrust, competition or foreign investment laws) has not been satisfied, then the termination date will automatically be extended to 11:59 p.m., Pacific time, on April 18, 2023 and (ii) if all conditions have been satisfied (other than those conditions to be satisfied at the time of closing of the merger) or waived (to the extent permitted by applicable law) by April 18, 2023, but on that date the regulatory conditions or the injunction condition (solely with respect to antitrust, competition or foreign investment laws) has not been satisfied, then the termination date will automatically be extended to 11:59 p.m., Pacific time, on July 18, 2023, except that a party may not terminate the merger agreement pursuant to this provision if such party’s material breach of any provision of the merger agreement

The termination date is coming and it is unclear whether Microsoft is going to acquire Activision Blizzard due to United Kingdom's regulatory issues, even though they just won their preliminary injuction in the US. 

Microsoft appeal to the Competition Authority Tribunal in the UK is scheduled to happen only in the end of the month.

This market will resolve only to one alternative. 