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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.


Microsoft's giant bet on Activision Blizzard is its ticket to the metaverse

ZDNet

Microsoft sent shockwaves through pretty much every corner of the tech industry when it announced its plans to acquire game publisher Activision Blizzard. The $68.7 billion ($95 per share) transaction is Microsoft's largest acquisition ever, and will create the third largest gaming brand in the world, behind Japan's Sony and China's Tencent. It will serve as a foundation for the creation of Microsoft Gaming, a new division that will encompass the entirety of the Windows maker's PC, console, and mobile gaming brands, as well as one other very important – indeed, perhaps even more important project: its plans to enter the'metaverse'. As mixed reality comes into its own, these are the best headsets for an immersive experience. As with any transaction of this size (more than double the company's $26.2 billion purchase of LinkedIn), there are plenty of big questions that need to be answered.


Microsoft set to acquire the gaming company Activision Blizzard for $68.7 billion

NPR Technology

Activision Blizzard is behind such successful franchises as Call of Duty and Candy Crush. It is being acquired by Microsoft. Activision Blizzard is behind such successful franchises as Call of Duty and Candy Crush. It is being acquired by Microsoft. Microsoft says it is set to buy games behemoth Activision Blizzard.


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.


Microsoft consolidating the video game industry is bad for everyone

Engadget

It was cute at first. When Xbox head Phil Spencer took the stage at E3 2018 and announced the acquisition of five notable studios – Undead Labs, Playground Games, Ninja Theory, Compulsion Games and The Initiative – the air inside the Microsoft Theater turned electric. It felt like the company was righting a wrong in its business plan and finally building an internal roster of exciting games that it could offer exclusively on Xbox platforms. You know, a few friends to keep Master Chief company. Today's announcement that Microsoft is buying Activision Blizzard, the largest third-party publisher in the video game industry, doesn't feel as harmless.