Microsoft and Activision agree to extend $69 billion deal deadline in wait for UK approval

Microsoft and Activision Blizzard on Wednesday agreed to extend the deadline for their merger agreement until Oct. 18,

The two companies had originally agreed to complete the transaction by July 18, but regulatory pushback from the U.S. and the U.K. delayed the takeover.

If Microsoft had not extended the deal deadline, the company could have been on the hook for a $3 billion breakup fee to Activision…