Acquisition of Activision Blizzard by Microsoft information
Business acquisition held from 2022 to 2023
Acquisition of Activision Blizzard by Microsoft
Initiator
Microsoft
Target
Activision Blizzard
Type
Full acquisition
Cost
US$75.4 billion
Initiated
January 18, 2022 (2022-01-18)
Completed
October 13, 2023 (2023-10-13)
Status
Closed
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 division to Xbox Game Studios and ZeniMax Media. With it, Microsoft gained ownership of several franchises under Activision, Blizzard Entertainment, and King, including Call of Duty, Crash Bandicoot, Spyro, Warcraft, StarCraft, Diablo, Overwatch, and Candy Crush. As of 2023, the acquisition is the largest video game acquisition by transaction value in history.
Following shareholder approval of the acquisition, the merger was reviewed by several national anti-trust bodies, with early approvals granted by the European Commission and China's State Administration for Market Regulation (SAMR), among others. The United States' Federal Trade Commission (FTC) and the United Kingdom's Competition and Markets Authority (CMA) issued formal challenges to the acquisition. Sony also criticized the merger, concerned that Microsoft would make the lucrative Call of Duty franchise exclusive to the Xbox platform, though Microsoft committed to non-exclusivity through 2033. The FTC withdrew its request after courts did not find their anti-trust compelling to block the merger, while Microsoft offered to offload its cloud gaming support for Activision Blizzard's games for ten years to Ubisoft to appease the CMA.
^SECURITIES AND EXCHANGE COMMISSION, UNITED STATES (January 30, 2024). "MICROSOFT FORM 10-Q".
^Lombardo, Cara (January 18, 2022). "Microsoft to Buy Activision Blizzard in All-Cash Deal Valued at $75 Billion". WSJ.
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