Home » Microsoft buys the big video game Activision Blizzard for 68.7 billion

Microsoft buys the big video game Activision Blizzard for 68.7 billion

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Microsoft grows in video games by conquering Activision Blizzard with an operation worth a total of 68.7 billion dollars. This was announced by the Redmond giant in a note, noting that Microsoft will pay $ 95 for each Activision share. The deal, approved by both companies’ boards of directors, will be all in cash. The Activision Blizzard stock, on the news, jumped to Wall Street by more than 37% in the premarket, before being suspended for excess of the rise.

“Gaming is the most dynamic and exciting category of entertainment on all platforms today and will play a key role in the development of metaverse platforms,” ​​said Satya Nadella, president and CEO of Microsoft, adding: “We are investing heavily in content. world-class community and cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all ».

Following the acquisition, Microsoft will become the third largest game company in the world by revenue, behind Tencent and Sony. The operation, the group’s note specifies, includes the iconic franchises of Activision, Blizzard and King studios such as “Warcraft”, “Diablo”, “Overwatch”, “Call of Duty” and “Candy Crush”, in addition to the global activities of eSports through Major League Gaming. The video game company has studios around the world with nearly 10,000 employees.

At the corporate governance level, the strategy chosen will be that of continuity and nothing will change in the acquired company. The note specifies, in fact, that Bobby Kotick will continue to serve as CEO of Activision Blizzard and he and his team will continue to further strengthen the company’s culture and accelerate growth. “For over 30 years our incredibly talented teams have created some of the most successful games,” noted Kotick, concluding: “The combination of Activision Blizzard’s world-class talent and extraordinary franchises with technology, distribution, access to Microsoft’s talent, ambitious vision and shared commitment to games and inclusion will help ensure our continued success in an increasingly competitive industry. “

Once the deal is concluded, Activision Blizzard’s business will report to Microsoft Gaming CEO Phil Spencer. “Gamers all over the world love Activision Blizzard games and we believe creative teams have their best work ahead of them,” Spencer comments, continuing: “Together we will build a future where people can play the games they want, practically wherever they want ».

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