#Microsoft acquisition

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. This makes Microsoft the world's third-largest company by revenue just behind Tencent and Sony. With the acquisition, iconic franchises like "Warcraft," "Diablo," "Overwatch," "Call of Duty", and "Candy Crush," will be added to Microsoft's Game Pass portfolio. 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. We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive, and accessible to all.” - Satya Nadella, chairman and CEO, Microsoft Source: Microsoft 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. After a 20-month journey marked by regulatory battles in the UK and US, Microsoft triumphed over the Federal Trade Commission (FTC) in a US federal court and restructured the deal to address concerns from the UK's Competition and Markets Authority (CMA). 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".