#Activision Blizzard buyout

Microsoft announced that they will acquire Activision Blizzard at USD 95.00 per share for an estimated all-cash value of USD 68.7 billion, inclusive of Activision Blizzard's net cash. Bobby Kotick will remain as the CEO of Activision Blizzard, and once the team closes, the Activision Blizzard business will report to Phil Spencer, CEO of Microsoft Gaming. Microsoft has officially completed its colossal $68.7 billion acquisition of Activision Blizzard, a deal that brings iconic franchises like Call of Duty, World of Warcraft, and Diablo under the Xbox umbrella. And today, we officially welcome Activision Blizzard and their teams to Xbox." Today is a good day to play. We officially welcome Activision Blizzard King to Team Xbox. Activision Blizzard CEO Bobby Kotick will remain in his role to aid the transition until the end of 2023. Blizzard's Albany, NY offices and Activision subsidiary Raven Software have recently seen unionization efforts. Activision Blizzard is being sued by the United States Department of Justice (DOJ) for their Overwatch and Call of Duty leagues. Read more in our articles including "Microsoft to acquire Activision Blizzard for USD 68.7 billion" and "Microsoft Successfully Seals Activision Blizzard Acquisition: Call of Duty Joins Xbox Portfolio".