Microsoft Gobbles up Activision Blizzard for $68.7 Billion

Jan. 19, 2022 / Updated by Bessie Shaw to Windows 10

On January 18, 2022, Microsoft announced that it will gobble up Activision Blizzard for $68.7 billion in cash with $95 a share, which is the largest transaction for Microsoft ever and the largest acquisition in the history of the gaming industry. This purchase makes Microsoft the third-largest gaming company in the world. The deal should be finalized in 2023 as it has to be examined by regulators in both United States and European Union.

According to the Associated Press, after purchasing Activision Blizzard, Microsoft will flesh out Xbox Game Pass subscription service and join the “metaverse” competition like many other tech companies. Once the deal is finalized, Microsoft will own the rights to many world-famous games and franchises, such as Call of Duty, Candy Crush, Diablo, and World of Warcraft. It is expected that Microsoft’s expansion into the metaverse will have great positive influence on the development of these games. Microsoft is going to launch Activision Blizzard games into the Game Pass portfolio, which will benefit the growth of its value.

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