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Ryuu96 on 17 July 2023
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EpicRandy said:
havoc00 said:

Any truth to this? They can't do an extension without acti board approval, the deadline is firm not conditional.

I think (but I could be wrong), that the date is not a termination date on the contract but a date after which ABK or MS can terminate the deal for any reasons they see fit.

It's not, it's essentially a date wherein after that date, Activision can walk away for whatever reason they want to and still pocket $3bn but it's not a date where the deal simply drops dead so you're correct. I don't believe they need shareholder approval to temporarily ignore it but I'm not sure about board, I doubt they'll say no either way.