Microsoft Buys Activision In $70 Billion Deal
Following reports, Microsoft has now officially announced it has acquired Activision Blizzard in a deal said to be valued at nearly $70 billion.
As part of the buyout, Microsoft shared an image of the «Gaming Leadership Team,» with Phil Spencer at the top as CEO of Microsoft Gaming. Activision Blizzard CEO Bobby Kotick, who has been in the middle of ongoing lawsuits regarding sexual harassment and discrimination, will remain CEO of Activision Blizzard. Whether or not Kotick is staying on at Activision Blizzard after the deal closes remains to be seen.
Microsoft PR: “Bobby Kotick will continue to serve as CEO of Activision Blizzard… Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.” Not 100% clear yet whether Bobby will stay on after the ink dries.
Xbox Statement On Activision Buyout
«As a team, we are on a mission to extend the joy and community of gaming to everyone on the planet. We all know that gaming is the most vibrant and dynamic form of entertainment worldwide and we’ve experienced the power of social connection and friendship that gaming makes possible.
As we pursue that mission, it is incredibly exciting to announce that Microsoft has agreed to acquire Activision Blizzard.
Over many decades, the studios and teams that make up Activision Blizzard have earned vast wellsprings of joy and respect from billions of people all over the world. We are incredibly excited to have the chance to work with the amazing, talented, dedicated people across Activision Publishing, Blizzard Entertainment, Beenox, Demonware, Digital Legends, High Moon Studios, Infinity Ward, King, Major League Gaming, Radical Entertainment, Raven Software, Sledgehammer Games, Toys for Bob,
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