Microsoft acquires Activision for $68.7 billion

Today, Microsoft announced plans to acquire Activision Blizzard for $68.7 billion.

Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.

According to Microsoft’s Phil Spencer:

As a company, Microsoft is committed to our journey to inclusion in every aspect of the game, for both employees and players. We deeply value individual studio culture. We also believe that creative success and autonomy go hand in hand with treating everyone fairly and with respect. We ask all teams and all leaders to follow through on this commitment. We look forward to extending our proactive culture of inclusion to great teams across Activision Blizzard.

Around the world, there is no place for fun and connection more exciting than video games. And there has never been a better time to play than now. As we expand the fun and gaming community to everyone, we look forward to welcoming all of our friends at Activision Blizzard to Microsoft Gaming.Phil Spencer

Until the transaction closes, Activision Blizzard and Microsoft Gaming will operate independently. When all is said and done, Activision Blizzard’s business will report to Phil Spencer as CEO, Microsoft Gaming.

Source: Press release

Today, Microsoft announced plans to acquire Activision Blizzard for $68.7 billion.

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Fry Electronics Team

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