Microsoft to buy Activision Blizzard for 68.7 Billion Dollars

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After yesterday’s announcement of Activision Blizzard pushing out more employees over workplace misconduct, now another colossal announcement was made, and that was Microsoft bought Activision Blizzard.

Creators of Call of Duty, Warcraft, Candy Crush, Tony Hawk, Diablo, Overwatch, Spyro, Hearthstone, Guitar Hero, Crash Bandicoot, StarCraft and more join Team Xbox

Phil Spencer, CEO of Microsoft Gaming announced on Xbox’s official website the acquisition of the gaming company earlier today, it is the home of games such as Call of Duty, World of Warcraft, and the price for it? A stupefying amount of 68.7 Billion Dollars, making their purchase of Bethesda look like Chump Change.

XBOX+Activision Blizzard Announcement Visual
Image Credit: Microsoft Gaming

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.

Phil Spencer, CEO of Microsoft Gaming

In an email to Activision Blizzard Employees, CEO Bobby Kotick says the company expects the deal to close “sometime in Microsoft’s fiscal 2023 year ending June 30, 2023”.

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Business Bloomberg source reported that Microsoft plans on selling Activision Blizzard Games on Playstation still, however, there will be content that will be available for XBox, IGN requested comment on that report.

Activision Blizzard has been embroiled in scandals in the past year, many circling CEO Bobby Kotick. For more information on this, including reactions from the Gaming Industry, Activision Blizzard Employees, head over to IGN for further details.

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