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Microsoft to Purchase Activision Blizzard for Nearly $70 Billion

The acquisition will likely change the gaming industry.
by Natalie Collazo on January 19, 2022   

Microsoft has been hitting it out of the park with their previous acquisitions and it is no different now with their most recent acquisition of the critically acclaimed Activision Blizzard. The developer/publisher, known for games such as the Diablo and Call of Duty franchises, has recently met with several lawsuits aimed primarily at CEO Bobby Kotick.

Considering this, Bobby will remain the CEO of  Activision Blizzard until the deal closes in which then the Activision Blizzard team will report to Phil Spencer, Microsoft CEO. This is what Phil Spencer had to say about the acquisition as a whole:

“Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them. Together we will build a future where people can play the games they want, virtually anywhere they want.”

The aim of Microsoft seems to be for players to eventually be able to play all of the games in their lineup on a mobile scale considering that 95% of all players globally play games on mobile. Cloud gaming is also an asset that Microsoft holds that could very well change the landscape of future Activision Blizzard titles being published and developed under Microsoft.

As of right now, Activision Blizzard has about 400 million monthly active players in over 100 different countries. Because there are plans to port some of these games to Microsoft's positively received GamePass, Microsoft is on track to having the most diverse and compelling lineup across all gaming subscription services.

The deal is expected to close in the fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard so we can expect to see more news about it close to the end of the year.

Stay updated on the latest Microsoft and Activision Blizzard news on Daily Gamer as this story develops.


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