{"id":18405,"date":"2022-01-18T08:07:52","date_gmt":"2022-01-18T16:07:52","guid":{"rendered":"https:\/\/marketdepth.com\/?p=18405"},"modified":"2022-01-18T08:22:57","modified_gmt":"2022-01-18T16:22:57","slug":"microsoft-announces-acquisition-of-activision-blizzard","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/microsoft-announces-acquisition-of-activision-blizzard\/","title":{"rendered":"Microsoft Announces Acquisition of Activision Blizzard"},"content":{"rendered":"\n

Microsoft Corp. (NASDAQ: MSFT) reported<\/a> its plans to acquire Activision Blizzard Inc. (NASDAQ: ATVI) to accelerate growth in Microsoft\u2019s gaming business across PC, mobile console and cloud.\u00a0 Microsoft will acquire Activision Blizzard for USD 95 per share in an all cash transaction valued at USD 68.7 Billion which is inclusive of Activision blizzard\u2019s net cash.<\/p>\n\n\n\n

Blizzard and King Studios Brands<\/h5>\n\n\n\n

The acquisition includes Blizzard and King studios brands such as Warcraft, Diablo, Overwatch, Call of duty and Candy Crush.\u00a0 “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said\u00a0Satya Nadella, chairman and CEO,\u00a0Microsoft. “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”<\/p>\n\n\n\n

“Players everywhere love\u00a0Activision Blizzard\u00a0games, and we believe the creative teams have their best work in front of them. Together we will build a future where people can play the games they want, virtually anywhere they want.”<\/p>Phil Spencer, CEO,\u00a0Microsoft\u00a0Gaming<\/cite><\/blockquote>\n\n\n\n

“For more than 30 years our incredibly talented teams have created some of the most successful games,” said\u00a0Bobby Kotick, CEO,\u00a0Activision Blizzard. “The combination of\u00a0Activision Blizzard’s\u00a0world-class talent and extraordinary franchises with\u00a0Microsoft’s technology, distribution, access to talent, ambitious vision and shared commitment to gaming and inclusion will help ensure our continued success in an increasingly competitive industry.”<\/p>\n\n\n\n

Shareholder Approval Still Pending<\/h5>\n\n\n\n

The transaction is subject to customary closing conditions which include completion of a regulatory review and Activision Blizzard\u2019s shareholder approval.  The deal is expected to close in fiscal 2023.  The transaction has been approved by the board of both companies.<\/p>\n","protected":false},"excerpt":{"rendered":"Microsoft Corp. (NASDAQ: MSFT) reported its plans to acquire Activision Blizzard Inc. (NASDAQ: ATVI) to accelerate growth in Microsoft\u2019s gaming business across PC, mobile console and cloud.\u00a0 Microsoft will acquire Activision Blizzard for USD 95 per share in an all cash transaction valued at USD 68.7 Billion which is inclusive of Activision blizzard\u2019s net cash…. View Article<\/a>","protected":false},"author":3,"featured_media":18406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,11,7,16],"tags":[],"acf":[],"yoast_head":"\nMicrosoft Announces Acquisition of Activision Blizzard - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/microsoft-announces-acquisition-of-activision-blizzard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft Announces Acquisition of Activision Blizzard - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Microsoft Corp. (NASDAQ: MSFT) reported its plans to acquire Activision Blizzard Inc. (NASDAQ: ATVI) to accelerate growth in Microsoft\u2019s gaming business across PC, mobile console and cloud.\u00a0 Microsoft will acquire Activision Blizzard for USD 95 per share in an all cash transaction valued at USD 68.7 Billion which is inclusive of Activision blizzard\u2019s net cash.... 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