On January 18, Microsoft made the shock announcement that it was going to acquire Activision Blizzard for nearly $70 billion, marking the largest deal of its kind in the history of the gaming industry. This landmark deal will bring Activision Blizzard, its studios, and the gaming franchises associated with them under the Microsoft umbrella, giving Xbox significant control over some of the world's biggest games in the process.
Activision Blizzard, more accurately Activision Blizzard King, has published many games over the years, and thanks to mergers and acquisitions of its own, has numerous franchises that it owns. However, not all the games published by Activision are necessarily coming with the Microsoft deal. For example, Sekiro: Shadows Die Twice is not owned by Activision despite being published by the company, and so Microsoft won't have control over that FromSoftware game.
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While this is not necessarily a fully comprehensive list, this seems to be at least most of the franchises and games that Xbox will own once its acquisition of Activision Blizzard goes through. There could always be licensing issues and other problems that pop up and prevent the company from ever doing anything substantial with some of the games (like how a GoldenEye 007 remaster has never materialized despite Microsoft owning Rare), so fans should keep that in mind.
Obviously the crown jewel of the Activision contributions is the Call of Duty franchise, which remains an unstoppable juggernaut in the industry. Even when Call of Duty game sales are down, its annual releases still tend to be the highest-selling video games of the year. Case in point, Call of Duty: Vanguard was the
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