Microsoft announced today that it has agreed to purchase Activision Blizzard, one of the largest video game publishers in the world, in a deal worth more than 65 billion dollars. The purchase will give Microsoft control of some of the biggest franchises in video gaming, including Call of Duty, World of Warcraft, and Guitar Hero.
Activision Blizzard has more than 500 million active players across its franchises. The company has been independent since its inception in the merger of Activision and Blizzard in 2008, and it has thousands of employees. This is a historic moment for both Microsoft and Activision Blizzard and the industry in general. The boards of both companies have approved the deal, and it is expected to close by the end of the calendar year.
“This is a blockbuster deal, and it will be interesting to see if it sparks any other significant acquisitions in the gaming industry.
Activision CEO Bobby Kotick added, “We are thrilled to be joining forces with Microsoft. They are the perfect company to take our franchises to the next level. We can’t wait to see what the future holds for gamers with the combined power of Microsoft and Activision.”
The acquisition is a bet by Microsoft that the videogame industry will continue to grow, with people increasingly spending money on gaming subscriptions, digital downloads and in-game microtransactions. Activision Blizzard is one of the biggest publishers in the video game industry, and they have some of the biggest franchises. This deal gives Microsoft control of franchises like Call of Duty, World of Warcraft, and Guitar Hero, which have attracted millions of video game fans across the globe.
This is a groundbreaking achievement for both companies, and it will be interesting to see how they work together in the future. Microsoft is making a big bet on the video game industry, and this acquisition could pay off in the years to come.