In an announcement that rocked the gaming industry, Microsoft announced that it plans to acquire Activision Blizzard. In an announcement posted to Xbox cordPhil Spencer (CEO of Microsoft Gaming) confirmed the seismic news in a $68.7 billion deal. Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction that includes Activision Blizzard’s net proceeds This number is nearly 10 times higher than Microsoft’s acquisition of Bethesda in 2021, for what it’s worth.
Once the deal goes through, Microsoft will own the IPs for Call of Duty, Warcraft, Candy Crush, Tony Hawk, Diablo, Overwatch, Spyro, Hearthstone, Guitar Hero, Crash Bandicoot, StarCraft and more in the future. Who knows, we’ll all live to see the day when Crash Bandicoot will become an Xbox mascot. Wild.
The deal is yet to be finalized and there is no word on when all will be binding. “Until this transaction closes, Activision Blizzard and Microsoft Gaming will continue to operate independently,” Spencer noted in the press release. “Once the deal is complete, Activision Blizzard’s business will report to me as CEO, Microsoft Gaming.”
Spencer included a diargam that shows the expected structure of the company after the acquisition takes place. You can check it out below. Some of the companies listed as part of the alliance include: Activision Publishing, Blizzard Entertainment, Beenox, Demonware, Digital Legends, High Moon Studios, Infinity Ward, King, Major League Gaming, Radical Entertainment, Raven Software, Sledgehammer Games , Toys for Bob and Treyarch. Whether games like future Call of Duty titles etc will arrive on PlayStation from here.
This news comes, of course, when Activision Blizzard is drawn in in a messy (and very public) harassment and discrimination lawsuit provided by the state of California. Now, This lawsuit has resulted in the departure of several key figures as part of a house cleaning initiative. Wheter Microsoft will address these issues directly in the future – or cancel Current head of Activision Blizzard, Bobby Kotick – is still being watched. It is worth noting that Kotick does not appear in the chart above.
According to Activision Blizzard’s own announcement, it is believed that Bobby Kotick will continue to serve as Activision Blizzard’s CEO for now. He and his team will remain focused on advancing efforts to further strengthen the company’s culture and accelerate business growth.
Going back to Microsoft’s announcement, there is a hidden reference to the ongoing situation in the release. Per Spencer: “As a company, Microsoft is committed to our journey to inclusion in every aspect of the game, both between employees and players. We deeply value the studio culture. We also believe that creative success and autonomy go hand in hand with treating everyone with dignity and respect We hold all groups and all leaders, We look forward to extending our proactive culture of inclusion to great teams across Activision Blizzard.”
But what does all of this mean for you, the gamer, in the short term? For starters, a bountiful harvest of Xbox Game Pass giveaways is approaching. “When closed,”[When the deal closes]“We will be offering as many Activision Blizzard games as possible in Xbox Game Pass and PC Game Pass, both new titles and games from Activision Blizzard’s incredible catalog,” said Spencer. subscribers. As always, we look forward to continuing to add more value and more great games to Game Pass. “
Expect to hear more about this deal – undoubtedly one of the biggest ever seen – in the days and weeks ahead. We have published a list the dream games we want to see come from this acquisition, from World’s Edge’s new Warcraft RTS to Tim Schafer’s Spyro the Dragon, you can read it now!
https://www.vg247.com/activision-blizzard-microsoft-xbox-acquisition Trust your eyes: Microsoft has agreed to acquire Activision Blizzard