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Sunday, February 25, 2024
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Microsoft Finalizes $69B Acquisition of Activision Blizzard

  • The agreement brings publishers Activision and Blizzard — as well as “Candy Crush Saga” publisher King — under Microsoft's roof.
  • Microsoft’s pursuit of the deal finally crossed the finish line after beating numerous antitrust concerns from around the globe.

The largest acquisition in video game history is finally done.

On Friday, Microsoft announced it completed its $69 billion purchase of Activision Blizzard — a transaction that has been in the works for the better part of two years.

The massive agreement brings publishers Activision and Blizzard — as well as “Candy Crush Saga” publisher King — under the roof of the American computer behemoth. Microsoft intends to bring those company’s titles into its popular Game Pass service.

Microsoft’s pursuit of the deal finally crossed the finish line after beating numerous antitrust concerns from around the globe. The European Union approved the deal in May, while the United Kingdom only rubber-stamped it after Microsoft made revisions to its original proposal.

In the United States, the Federal Trade Commission attempted to block the deal through an injunction, but was ultimately denied in court, opening the doors for Microsoft to move forward. However, the FTC is still pursuing legal action that could unravel the acquisition if successful.

Activision Blizzard CEO Bobby Kotick has been criticized for his handling of a workplace misconduct and discrimination lawsuit brought against the company. In an email to employees, Microsoft Gaming CEO Phil Spencer said that Kotick will remain as Activision Blizzard’s lead through the end of the year to ensure a smooth transition.

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