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On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion. The deal was concluded on October 13, 2023, with the total cost of the acquisition amounting to $75.4 billion. [1] [2] Under the terms of the agreement, Microsoft brought Activision Blizzard under its Microsoft Gaming business unit as a sibling ...
UPDATED: Microsoft closed a $68.7 billion deal to acquire Activision Blizzard on Friday after getting the green light from regulators in the U.K., nearly two years after it was first announced.
Microsoft completed its $75 billion acquisition of Activision late last year, marking its biggest deal ever, which took nearly two years to overcome numerous global regulatory challenges.
LONDON (Reuters) -Xbox maker Microsoft closed its $69 billion deal for Activision Blizzard on Friday, swelling its heft in the video-gaming market with best-selling titles including "Call of Duty ...
Microsoft completed its purchase of video game-maker Activision Blizzard for $69 billion on Friday, closing one of the most expensive tech acquisitions in history that could have repercussions ...
Activision Blizzard reported $7.54 billion in revenue and $1.52 billion in net income. As part of the acquisition deal, Kotick announced his resignation as CEO the same day, along with other high level executives, though Kotick will remain onboard through the end of 2023 to help with the transition.
Since Microsoft's first acquisition in 1986, it has purchased an average of six companies a year. The company purchased more than ten companies a year between 2005 and 2008, and it acquired 18 firms in 2006, the most in a single year, including Onfolio, Lionhead Studios, Massive Incorporated, ProClarity, Winternals Software, and Colloquis.
Following the Xbox owner’s acquisition of another large gaming studio, Bethesda, in 2020, Microsoft says it will help boost its Game Pass platform – the company’s Netflix-style gaming ...