Microsoft To Acquire Activision Blizzard
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- By Guest ItzKieren
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On Tuesday (18/01/22) Microsoft announced a plan to acquire Activision Blizzard in one of the largest tech deals in recent years, a staggering amount of $68.7 Billion.
It is set to boost Microsoft's gaming revenue as it set's to be the company's third largest.
This deal means that Microsoft will inevitably own Call of Duty, Overwatch, World of Warcraft, Star Craft so on and so forth. Essentially they become the soul owners and right holders of every own branded game released by Activision and Blizzard.
The CEO, Bobby Kotick, will remain in his current position which is set to cause some controversial statements as the CEO had recently been the centre of multiple actions so far, but under Microsoft guidelines, could this lease new life into the company?
A statement followed by Microsoft's gaming CEO, Phil Spencer, said the following;
"We believe that creative success and autonomy go hand-in-hand with treating every person with dignity and respect. We hold all teams, and all leaders, to this commitment."
The agreement is pending regulatory review and Activision Blizzard shareholder approval, with the deal set to be fully completed by 2023. Both Activision and Microsoft gaming are set to operate independently until the deal is finalized.
Gaming has been the main focus for Microsoft over recent years, with successes of their newly released consoles, video game titles, and incorporation of PC and Consoles alike, the demand has only grown, to which grants the company the opportunity to expand and form a larger network across other studios.
Microsoft has a big vision for the future, to expand into more tech research and to develop new ideas and bring new and exciting titles and development to current and next gen.
What is your view on Microsoft taking on Activision Blizzard?
Comment below!