Microsoft Buys Out Activision Blizzard For Nearly $70 Billion

Fol­low­ing reports, Microsoft has offi­cial­ly announced its acquired Activi­sion Bliz­zard in a deal said to be val­ued at close to $70 billion.

Over many decades, the stu­dios and teams that make up Activi­sion Bliz­zard have earned vast well­springs of joy and respect from bil­lions of peo­ple all over the world,” Xbox boss Phil Spencer said. “We are incred­i­bly excit­ed to have the chance to work with the amaz­ing, tal­ent­ed, ded­i­cat­ed peo­ple across Activi­sion Pub­lish­ing, Bliz­zard Enter­tain­ment, Beenox, Demon­ware, Dig­i­tal Leg­ends, High Moon Stu­dios, Infin­i­ty Ward, King, Major League Gam­ing, Rad­i­cal Enter­tain­ment, Raven Soft­ware, Sledge­ham­mer Games, Toys for Bob, Tre­yarch, and every team across Activi­sion Blizzard.”

Microsoft Buys Out Activision Blizzard For Nearly  Billion

Until the deal clos­es, Microsoft and Activi­sion Bliz­zard will con­tin­ue on inde­pen­dent­ly, as stat­ed by Microsoft. If and when the time comes, Activi­sion Bliz­zard team mem­bers will report to Spencer as the CEO of Microsoft Gaming.

Spencer said Microsoft will add “as many Activi­sion Bliz­zard games as we can” to Xbox Game Pass for con­sole and PC, includ­ing new games and cat­a­log titles.

Spencer went on to say that buy­ing Activi­sion Bliz­zard will help “accel­er­ate our plans” for cloud gam­ing. “Activi­sion Bliz­zard games are enjoyed on a vari­ety of plat­forms and we plan to con­tin­ue to sup­port those com­mu­ni­ties mov­ing for­ward,” he said.

Activi­sion Bliz­zard has been in the head­lines late­ly due to the con­tro­ver­sy and law­suits sur­round­ing its CEO Bob­by Kotick and its cor­po­rate culture–which includes sex­u­al harass­ment, gen­der dis­crim­i­na­tion, con­trac­tu­al lies, and mire. Spencer said Microsoft is “com­mit­ted to our jour­ney for inclu­sion in every aspect of gam­ing, among both employ­ees and players.”

He con­tin­ued say­ing, “We deeply val­ue indi­vid­ual stu­dio cul­tures. We also believe that cre­ative suc­cess and auton­o­my go hand-in-hand with treat­ing every per­son with dig­ni­ty and respect. We hold all teams, and all lead­ers, to this com­mit­ment. We’re look­ing for­ward to extend­ing our cul­ture of proac­tive inclu­sion to the great teams across Activi­sion Blizzard.”

Activi­sion Bliz­zard gave its own state­ment regard­ing the acqui­si­tion. They con­firmed the Microsoft will be pay­ing $95 per share to buy out Activi­sion Bliz­zard, for total pay­out of $68.7 bil­lion (if the deal goes through). By pur­chas­ing Activi­sion Bliz­zard, Microsoft would be tak­ing own­er­ship of some mas­sive fran­chis­es includ­ing, Call of Duty, War­craft, Over­watch, and Dia­blo (among oth­ers). Activi­sion Bliz­zard has a num­ber of stu­dios as well, total­ing almost 10,000 employ­ees, which would become a part of the Xbox team going for­ward, as it seems. Microsoft will have a total of 30 inter­nal game stu­dios once Activi­sion Bliz­zard is acquired.

As part of the buy­out, Microsoft shared an image of the “Gam­ing Lead­er­ship Team,” with Phil Spencer at the top as CEO of Microsoft Gam­ing. Activi­sion Bliz­zard CEO Bob­by Kotick will remain in his posi­tion, but it’s unclear whether or not Kotick will stay on at Activi­sion Bliz­zard if the deal goes through.

Microsoft Buys Out Activision Blizzard For Nearly  Billion

Bob­by Kotick will con­tin­ue to serve as CEO of Activi­sion Bliz­zard, and he and his team will main­tain their focus on dri­ving efforts to fur­ther strength­en the com­pa­ny’s cul­ture and accel­er­ate busi­ness growth,” Activi­sion said.

Gam­ing is the most dynam­ic and excit­ing cat­e­go­ry in enter­tain­ment across all plat­forms today and will play a key role in the devel­op­ment of meta­verse plat­forms,” Microsoft CEO Satya Nadel­la said. “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.”

In his own state­ment, Kotick said: “For more than 30 years our incred­i­bly tal­ent­ed teams have cre­at­ed some of the most suc­cess­ful games,. The com­bi­na­tion ofAc­tivi­sion Bliz­zard’s­world-class tal­ent and extra­or­di­nary fran­chis­es with­Mi­crosoft­’s tech­nol­o­gy, dis­tri­b­u­tion, access to tal­ent, ambi­tious vision and shared com­mit­ment to gam­ing and inclu­sion will help ensure our con­tin­ued suc­cess in an increas­ing­ly com­pet­i­tive industry.”

Microsoft­’s pro­posed acqui­si­tion of Activi­sion Bliz­zard is sub­ject to the stan­dard clos­ing con­di­tions and reg­u­la­to­ry review, as well as approval from Activi­sion Bliz­zard’s share­hold­ers. The deal has already been approved by the board of direc­tors at both Microsoft and Activi­sion. If all goes accord­ing to plan, the deal is expect­ed to close in fis­cal year 2023 (July 2022 — June 2023).

Microsoft Statement On Activision Acquisition

As a team, we are on a mis­sion to extend the joy and com­mu­ni­ty of gam­ing to every­one on the plan­et. We all know that gam­ing is the most vibrant and dynam­ic form of enter­tain­ment world­wide and we’ve expe­ri­enced the pow­er of social con­nec­tion and friend­ship that gam­ing makes possible.

As we pur­sue that mis­sion, it is incred­i­bly excit­ing to announce that Microsoft has agreed to acquire Activi­sion Blizzard.

Over many decades, the stu­dios and teams that make up Activi­sion Bliz­zard have earned vast well­springs of joy and respect from bil­lions of peo­ple all over the world. We are incred­i­bly excit­ed to have the chance to work with the amaz­ing, tal­ent­ed, ded­i­cat­ed peo­ple across Activi­sion Pub­lish­ing, Bliz­zard Enter­tain­ment, Beenox, Demon­ware, Dig­i­tal Leg­ends, High Moon Stu­dios, Infin­i­ty Ward, King, Major League Gam­ing, Rad­i­cal Enter­tain­ment, Raven Soft­ware, Sledge­ham­mer Games, Toys for Bob, Tre­yarch and every team across Activi­sion Blizzard.

Until this trans­ac­tion clos­es, Activi­sion Bliz­zard and Microsoft Gam­ing will con­tin­ue to oper­ate inde­pen­dent­ly. Once the deal is com­plete, the Activi­sion Bliz­zard busi­ness will report to me as CEO, Microsoft Gaming.

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. We also announced today that Game Pass now has more than 25 mil­lion sub­scribers. As always, we look for­ward to con­tin­u­ing to add more val­ue and more great games to Game Pass.

The fan­tas­tic fran­chis­es across Activi­sion Bliz­zard will also accel­er­ate our plans for Cloud Gam­ing, allow­ing more peo­ple in more places around the world to par­tic­i­pate in the Xbox com­mu­ni­ty using phones, tablets, lap­tops and oth­er devices you already own. Activi­sion Bliz­zard games are enjoyed on a vari­ety of plat­forms and we plan to con­tin­ue to sup­port those com­mu­ni­ties mov­ing forward.

As a com­pa­ny, Microsoft is com­mit­ted to our jour­ney for inclu­sion in every aspect of gam­ing, among both employ­ees and play­ers. We deeply val­ue indi­vid­ual stu­dio cul­tures. We also believe that cre­ative suc­cess and auton­o­my go hand-in-hand with treat­ing every per­son with dig­ni­ty and respect. We hold all teams, and all lead­ers, to this com­mit­ment. We’re look­ing for­ward to extend­ing our cul­ture of proac­tive inclu­sion to the great teams across Activi­sion Blizzard.

Around the world, there is no more excit­ing venue for fun and con­nec­tion than video games. And there has nev­er been a bet­ter time to play than right now. As we extend the joy and com­mu­ni­ty of gam­ing to every­one, we look for­ward to wel­com­ing all of our friends at Activi­sion Bliz­zard to Microsoft Gaming.”

IvanaHumperlot
IvanaHumperlothttp://buttonsmashgamers.com
I am a Platinum lover and an ex- Cod-aholic. I've been playing games since I was 5 years old and I refuse to quit, despite my mother's attempts to get me to. God of War and its successors are my all time favorite games.

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