Activision Blizzard to be delisted from the Nasdaq-100 before official merger with Microsoft

Activision Blizzard will be delisted from the Nasdaq-100 index as of the opening of the stock market on Monday, 17 July.

Here's What We Know

Today, Nasdaq announced that another technology company, The Trade Desk, will replace the Call of Duty and World of Warcraft publisher in the index. The move comes as Microsoft's acquisition of Activision Blizzard nears completion, despite challenges that remain to be overcome.

Earlier this week, Microsoft won a court battle with the Federal Trade Commission (FTC), which tried to block the deal over antitrust issues. The regulator has since filed an appeal against the decision. The temporary restraining order that prevented the deal from going through will expire at 23:59 on 14 July, unless the FTC can secure an extension in the court of appeals.

Microsoft plans to complete the deal before the current merger agreement expires on 18 July, after which Activision Blizzard could exit the deal for $3 billion if the extension is not approved. To this end, Microsoft must also overcome (or appeal) the blocking of the deal by the UK's Competition and Markets Authority (CMA).

Source: gamingbolt