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Microsoft’s $69 billion Activision Blizzard takeover approved by UK, clearing way for deal to close
1K View2023-10-13The U.K.’s Competition and Markets Authority gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision Blizzard, removing the last major hurdle for the deal to close.
The UK’s Competition and Markets Authority (CMA) was the final regulator holding up the deal. Microsoft should now be able to close the acquisition.
In August, Microsoft made a concession that would see Ubisoft, instead of Microsoft, buy Activision’s cloud gaming rights. The CMA describes Microsoft’s concession as a “gamechanger that will promote competition” in the growing cloud gaming market.
Microsoft vice chair and president Brad Smith says the company welcomes the CMA’s decision. “We have now crossed the final regulatory hurdle to close this acquisition, which we believe will benefit players and the gaming industry worldwide,” says Smith in a message on X (formerly Twitter).
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Microsoft is to buy Activision Blizzard; the deal is worth $68.7 billion.
After the acquisition, Microsoft will be publishing some of the company's popular work like Call of Duty, Warcraft, Warcraft, Diablo, Overwatch, Crash Bandicoot, and Candy Crush.
"Upon close, we will offer as many Activision Blizzard games as we can within Xbox Game Pass and PC Game Pass, both new titles and games from Activision Blizzard’s incredible catalog." said Phil Spencer, CEO of Microsoft Gaming.
TapTap Editor6K2022-01-18
Activision Blizzard CEO Bobby Kotick is about to resign and has issued a statement.
One of the most controversial figures in the gaming industry, Bobby Kotick, recently announced to the company that he will leave his position on December 29th, officially stepping down as the CEO of Activision Blizzard.
In 1991, Bobby Kotick became the CEO of Activision through the acquisition of company shares. Under his leadership, Activision acquired numerous game studios including Blizzard, King, Treyarch, Infinity Ward, Raven Software, and more, ultimately transforming Activision into the large, well-known company we are familiar with today.
TapTap News5062023-12-21
Why Call of Duty game matters to the FTC in Microsoft-Activision deal
Vancouver, Washington, resident Michael Feist has logged nearly 163 hours on Call of Duty: Modern Warfare II since it was released two months ago. That’s nearly a week spent at virtual war on his Xbox Series X, and exactly the kind of commitment Xbox-maker Microsoft is investing in by acquiring gamemaker Activision Blizzard for $69 billion. The 27-year-old and his brothers took days off work to play when it came out.Call of Duty, one of the most successful video game franchises ever, has been in Feist’s life ever since he was a child. He used to wait in line at GameStop for the latest Call of Duty release with his stepdad.
User505575815(Muted)1K2022-12-25
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