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Microsoft to buy Activision Blizzard in $69BN metaverse bet

Al Jazeera

Microsoft Corp. agreed to buy Activision Blizzard Inc. in a $68.7 billion deal, uniting two of the biggest forces in video games to create the world's third-biggest gaming company. In its largest purchase ever, Microsoft will pay $95 a share in cash for one of the most legendary gaming publishers, known for titles like Call of Duty and World of Warcraft but which is also grappling with a cultural upheaval over its treatment of women. Activision Chief Executive Officer Bobby Kotick will continue to serve in that role only until the deal closes, a person familiar with the deal said. It's unclear what position, if any, he would take afterward. Once the transaction is completed, the Activision Blizzard business will report to Phil Spencer, who was promoted along with the deal to CEO of Microsoft Gaming.


Microsoft will buy Activision Blizzard, betting $70 billion on the future of games

The Japan Times

SEATTLE – Microsoft plans to buy the powerhouse but troubled video game company Activision Blizzard for nearly $70 billion, its biggest deal ever and one that places a major bet that people will spend more and more time in the digital world. The blockbuster acquisition, announced Tuesday, would catapult the company into a leading spot in the $175 billion gaming industry. Games on virtually every kind of device, from bulky consoles to smartphones, have gained even greater popularity during the pandemic. Technology companies are swarming around the industry, looking for a bigger share of attention and money from the world's 3 billion gamers. In an industry driven by big franchises, Activision makes some of the most popular titles, including Call of Duty and Candy Crush.


Microsoft to buy Call of Duty maker Activision Blizzard for nearly $70bn

The Guardian

Microsoft is to pay almost $70bn to buy Activision Blizzard, the publisher of mega franchises including Call of Duty, World of Warcraft and Candy Crush, in the biggest ever takeover in the tech and gaming sectors. Microsoft said that the $68.7bn (£50.6bn) It is the biggest deal in tech history, eclipsing the $67bn paid by Dell to buy the digital storage giant EMC in 2015. The deal will see the Xbox maker become the world's third-biggest gaming company by revenue behind China's Tencent and Japan's Sony, maker of PlayStation games consoles. "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," said Satya Nadella, the chairman and chief executive of Microsoft.


Activision Blizzard earnings miss estimates after Microsoft deal

The Japan Times

Activision Blizzard Inc. reported earnings and revenue that missed analysts' estimates just weeks after Microsoft Corp. announced its $69 billion acquisition of the video game publisher. Adjusted revenue fell 18% to $2.49 billion in the fourth quarter, Activision Blizzard said in a statement Thursday. Analysts had expected $2.84 billion, according to an average of estimates compiled by Bloomberg. Adjusted earnings per share were $1.25, compared with analysts' forecasts for $1.31. The company cited "lower than expected performance" in its Activision division, which produces Call of Duty. Microsoft swooped in at a crucial time for Activision Blizzard, which is behind hit games such as Candy Crush and World of Warcraft.


How Xbox could finally win a console war without even selling consoles

Mashable

Gaming used to be simple. Not long ago, a few major companies would have competing consoles on the market at the same time and, by and large, the biggest selling point for each was a roster of exclusive games. But with Microsoft's shocking acquisition of Activision Blizzard, that might not be the case anymore. Truth be told, it still feels like total nonsense to even type those words, but there's no use in avoiding reality. The folks who run Xbox spent $68.7 billion to acquire the company that, among other things, publishes Call of Duty, World of Warcraft, and Tony Hawk's Pro Skater.