Acquisition of Activision Blizzard by Microsoft

Microsoft Announced its intent to acquire Activision Blizzard for $68.7 billion.The deal was concluded on Oct 13,2023. Microsoft brought Activision Blizzard under its Microsoft gaming business unit as a sibling division to Xbox game studios and Zenimax media.It is a full mode acquisition is happened.The total amount/cost of the acquisition was US$75.4 billion.Activision Blizzard's stock price wasn jumped nearly 40% that day in pre marketing trading. This deal would make Microsoft the 3 rd largest gaming company in the world and the largest headquartered in the americas.Bobby kotick will continue to serve as CEO of Activision Blizzard. He and his team will maintain their focus on driving efforts to further strengthen the company ' s culture and accelerate business growth. To get the acquisition through , Microsoft promised not to lock down Activision Blizzard games to its Xbox consoles.Microsoftade a 10 year agreement with Nvidia earlier this year to allow continued access to Xbox games on the GeForce Now cloud gaming platform.Microsoft also owns console darling Hawk's Pro skater,the Kings Quest reboot on PC. Microsoft hasn't been much involved in the mobile gaming space. Candy crush the 3rd highest grossing mobile game worldwide in 2023.The acquisition was initiated on Jan 18 2022 and compeleted the acquisition on Oct 13 2023.