Microsoft to Acquire Activision Blizzard for Almost $70 billion

Microsoft announced it will acquire Activision-Blizzard for $68.7 billion.

“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,” said Microsoft. 

If the acquisition pushes through, Microsoft will soon be able to publish popular franchises like Warcraft, Diablo, Overwatch, Call of Duty, and Candy Crush.

“Upon close, we will offer as many Activision Blizzard games as we can within Xbox Game Pass and PC Game Pass, both new titles and games from Activision Blizzard’s incredible catalog,” said Microsoft’s CEO of gaming Phil Spencer.

Microsoft’s Activision Blizzard acquisition came almost just a year after the company acquired Skyrim creator Bethesda for $7.5 billion.

“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Microsoft CEO Satya Nadella.

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