Goto

Collaborating Authors

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 set to acquire Activision Blizzard in a blockbuster $68.7 billion deal

Mashable

You probably didn't see this one coming. Microsoft is poised to acquire video game mega-publisher Activision Blizzard in a $68.7 billion deal. The Wall Street Journal reported this today, and the Xbox maker itself confirmed on Tuesday. While the deal isn't yet finished and is still subject to a regulatory process that could derail it, the move could potentially mark a seismic shift in the way competition plays out between gaming's three biggest hardware makers: Microsoft, Nintendo, and PlayStation. Activision is perhaps best known for its stewardship of the Call of Duty franchise, a blockbuster first-person shooter series that regularly leads the year's top sellers with its annual November releases.


Microsoft Buying Activision Blizzard Might Be Good For Gamers, But Bad for Developers

TIME - Tech

On Tuesday tech giant Microsoft announced its proposed purchase of gaming company Activision Blizzard for nearly $69 billion. The deal would grant Microsoft ownership over globally recognized franchises like Call of Duty, World of Warcraft, and Candy Crush, to name a few. It also creates a new division in the company, Microsoft Gaming, to be led by the company's head of its Xbox division, Phil Spencer. For Activision Blizzard, this couldn't have come at a better time. The company, run by CEO Bobby Kotick since 1991, has been the subject of scrutiny and lawsuits based on numerous allegations of discrimination, sexual harassment, and a toxic workplace culture at the company.


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.


The Big Winner of Microsoft's $68.7 Billion Video Game Deal Is a CEO Who Lots of People Wanted Fired

Slate

Microsoft's planned $68.7 billion purchase of video game giant Activision Blizzard is, literally, one of the biggest deals ever. By raw dollars and cents, it appears to be the biggest acquisition an American tech behemoth has ever made. It dwarfs not just any deal Microsoft has done, but also anything struck up by Apple, Amazon, Google, or Facebook. It makes Microsoft's $26.2 billion LinkedIn shopping spree in 2016 look small. And it's notable not just for its size but for its timing: The deal comes in the midst of months of uproar at Activision Blizzard over its treatment of workers, many of whom have alleged a toxic, sexual harassment–filled culture at the game publisher. The companies expect the deal to close some time in the 2023 fiscal year, but it'll take longer than that to sort through all its ramifications.