Microsoft purchases Activision Blizzard for $68.7 billion
The Wall Street Journal is reporting that Microsoft is considering a possible purchase of Activision Blizzard, the developer/publisher behind such multi-billion dollar franchises such as Call of Duty, World of Warcraft, Diablo, and Overwatch.
According to Bloomberg reporter Dina Bass the acquisition has been officially confirmed by Microsoft, with the sale transaction reported to be in the region of $68.7 billion USD. The transaction includes Activision, Activision Blizzard, mobile company King, and all subsidiary properties and IPs.
Microsoft’s Head of Xbox Gaming, Phil Spencer, released an official statement regarding the purchase.
“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, Treyarch and every team across Activision Blizzard.”
“Until this transaction closes, Activision Blizzard and Microsoft Gaming will continue to operate independently. Once the deal is complete, the Activision Blizzard business will report to me [Phil Spencer] as CEO, Microsoft Gaming.”
Activision Blizzard, unquestionably one of the largest, most successful, and most lucrative studios in the history of video games, has cemented its status over the past three decades by focusing on consistently selling IPs, long-life
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