Microsoft To Acquire Video Game Publisher Activision Blizzard

On the 18^th of January 2022, Microsoft announced that they were going to acquire Activision Blizzard, a video game publisher, “to bring the joy and community of gaming to everyone, across every device”. Gaming is a large and fast-growing form of entertainment, so Microsoft decided to acquire a leader in game development and interactive entertainment content publisher. “This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.”

Although Microsoft’s acquisition is not completely done yet, the company seems very confident that it will go through. “In a blog post on Xbox Wire, CEO of Microsoft Gaming Phil Spencer made the seismic announcement that the creator of Call of Duty, Overwatch, Diablo, Warcraft, Candy Crush, and more will become a part of Team Xbox in the near future.”

He said, “As a team, we are on a mission to extend the joy and community of gaming to everyone on the planet. We all know that gaming is the most vibrant and dynamic form of entertainment worldwide and we’ve experienced the power of social connection and friendship that gaming makes possible. As we pursue that mission, it is incredibly exciting to announce that Microsoft has agreed to acquire Activision Blizzard.”

“Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.”

Read the full article by Microsoft HERE