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- Microsoft (MSFT) on Friday finalized its $69 billion purchase of "Call of Duty" maker Activision Blizzard (ATVI), according to a regulatory filing from the company Friday, in what is the largest-ever merger for the gaming market. The deal closed Friday after Microsoft cleared a final hurdle from the UK’s Competition and Markets Authority (CMA).
finance.yahoo.com › news › microsoft-closes-69-billion-takeover-of-activision-blizzard-130549285Microsoft closes $69 billion takeover of Activision Blizzard
Oct 13, 2023 · Microsoft ( MSFT) on Friday finalized its $69 billion purchase of "Call of Duty" maker Activision Blizzard ( ATVI ), according to a regulatory filing from the company Friday, in what is the...
- 3 min
- Alexis Keenan
Oct 13, 2023 · Microsoft said on Friday that it had closed its $69 billion purchase of the video game giant Activision Blizzard, overcoming significant regulatory hurdles in Britain and the United States and...
Oct 13, 2023 · Microsoft has closed its nearly $69 billion acquisition of video game publisher Activision Blizzard, according to a regulatory filing on Friday, following a lengthy regulatory review process...
- Ty Roush
- Call of Duty joins the home of Halo.
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- Microsoft Acquires Activision Blizzard: The Story So Far
By Wesley Yin-Poole
Updated: Oct 13, 2023 8:45 pm
Posted: Oct 13, 2023 6:26 am
UPDATE: Microsoft has announced its $69 billion purchase of Activision Blizzard, bringing Call of Duty and more into the Xbox fold.
In a post on Xbox Wire, Xbox boss Phil Spencer said work has now begun bringing Activision Blizzard games to Game Pass, although he stopped short of namechecking any titles. "Today we start the work to bring beloved Activision, Blizzard, and King franchises to Game Pass and other platforms. We’ll share more about when you can expect to play in the coming months. We know you’re excited – and we are too."
Spencer also delivered a message to existing players of Activision Blizzard games, suggesting multiplatform support will continue. "For the millions of fans who love Activision, Blizzard, and King games, we want you to know that today is a good day to play," he said. "You are the heart and soul of these franchises, and we are honored to have you as part of our community. Whether you play on Xbox, PlayStation, Nintendo, PC or mobile, you are welcome here – and will remain welcome, even if Xbox isn’t where you play your favorite franchise. Because when everyone plays, we all win. We believe our news today will unlock a world of possibilities for more ways to play. Thank you for the ongoing support. We have so much more to come in the months ahead – I’m excited for the future and cannot wait to share it with you."
“The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers. It will allow Ubisoft to offer Activision’s content under any business model, including through multigame subscription services. It will also help to ensure that cloud gaming providers will be able to use non-Windows operating systems for Activision content, reducing costs and increasing efficiency.”
Brad Smith, Vice Chair and President, Microsoft, said: “We’re grateful for the CMA’s thorough review and decision today. We have now crossed the final regulatory hurdle to close this acquisition, which we believe will benefit players and the gaming industry worldwide.
Meanwhile, trading in shares in Activision Blizzard were halted alongside the alert “news pending”, suggesting the deal is set to close imminently.
Activision Blizzard boss Bobby Kotick emailed staff to hail the news. "We now have all regulatory approvals necessary to close and we look forward to bringing joy and connection to even more players around the world," Kotick said.
When the deal closes, Microsoft will own the likes of Call of Duty, World of Warcraft, and Candy Crush. Xbox is expected to add many of Activision Blizzard’s games into its subscription service, Game Pass, although Call of Duty Modern Warfare 3 and Diablo 4 will be held back until next year.
However, the FTC is soldiering on with its attempt to unravel the deal, despite losing its high-profile court case in the summer. The FTC is waiting for a decision on its trial verdict appeal before moving forward with its own in-house trial, although both will come after Microsoft seals the deal.
And in a new development, the FTC filed a submission to re-open discovery in order to gain more information on Microsoft’s cloud gaming divestiture deal with Ubisoft, and its deal with Sony to ensure Call of Duty remains on PlayStation consoles.
"We remain focused on the federal appeal process despite Microsoft and Activision closing their deal in advance of a scheduled December appeals court hearing," an FTC spokesperson told IGN in an email. "Microsoft and Activision's new agreement with Ubisoft presents a whole new facet to the merger that will affect American consumers, which the FTC will assess as part of its ongoing administrative proceeding. The FTC continues to believe this deal is a threat to competition."
- Wesley Yin-Poole
Oct 13, 2023 · After indicating its provisional approval on Sep. 22, The U.K.’s Competition and Markets Authority formally cleared Microsoft to close its acquisition of Activision Blizzard on Oct. 13, with the...
- Oli Welsh
Oct 13, 2023 · Microsoft has finalized its $68.7 billion deal to acquire Activision Blizzard, the publisher of Call of Duty , World of Warcraft, and Diablo. The Verge exclusively reported last...
Oct 13, 2023 · Oct 13, 2023,08:18am EDT. Share to Facebook. Share to Twitter. Share to Linkedin. Diablo 4. Blizzard. When trading of Activision Blizzard shares were halted on Thursday night, it was clear...
