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On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion. [1] The acquisition was completed on October 13, 2023, with its total cost amounting to $75.4 billion. [2] Under the terms of the agreement, Microsoft brought Activision Blizzard under its Microsoft Gaming business unit as a sibling division to ...
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.
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's $69 billion deal to acquire "Call of Duty" developer Activision Blizzard was slated to close today, but regulatory hurdles and a last-minute appeal to the Supreme Court appear to be ...
Federal Trade Commission v. Microsoft Corp. and Activision Blizzard, Inc. is a lawsuit brought against multinational technology corporation Microsoft and video game holding company Activision Blizzard in 2022. The Federal Trade Commission (FTC) sought a temporary injunction against Microsoft in their efforts to acquire Activision Blizzard.
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.
The game series earns Activision Blizzard billions each year, with the latest installment, 2022's "Call of Duty: Modern Warfare II," clearing $1 billion in sales in its first 10 days on the market.
The FTC filed its original lawsuit objecting to the $69 billion Activision Blizzard acquisition in December 2022, saying it would, "enable Microsoft to suppress competitors to its Xbox gaming ...