Microsoft-Activision merger set to close later than planned, Bloomberg says

Microsoft (MSFT) and Activision Blizzard (ATVI) are close to finalizing their $69B merger pact, but are not likely to closing the deal by a Tuesday deadline, Bloomberg’s Leah Nylen and Dina Bass report, citing people familiar with the deal. The companies do not intend to abandon the agreement and will continue seeking final regulatory approvals required for closing, the authors note.