Despite much of the attention surrounding the acquisition centering on Call of Duty, Microsoft has admitted it mainly wants Activision Blizzard for PC and mobile gaming. Microsoft announced its plan to acquire Activision for nearly $69 billion back in January, making it the largest deal in the history of the video games business. Activision and Microsoft's gaming revenue last year accounted for just 13.9% of total global video game spending ($16.28 + $8.8 billion vs. $180.3 billion). PS Plus Premium is Losing 2 Classic Open World Games This Month. When Activision Blizzard Microsoft agreed to buy Activision Blizzard earlier this year in an all-cash deal valued at roughly $75 billion amid a flurry of deal-making in the gaming industry. Source: Activision Blizzard. EU to probe blockbuster Microsoft-Activision Blizzard deal. #946. Today, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc. (Nasdaq: ATVI), a leader in game development and interactive entertainment The European Union has launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, fearing the $69-billion deal would distort fair Microsoft, which sells the Xbox line of video game consoles, announced its plans to acquire Activision Blizzard in January. Gaming for everyone, everywhere: our view on the Activision Blizzard acquisition FILE - The Activision Blizzard Booth is shown on June 13, 2013, during the Electronic Entertainment Expo in Los Angeles. Once the deal is complete, the Activision Blizzard business will report to me as CEO, Microsoft Gaming. Microsoft would thus control some key franchises such as Candy Crush, Warcraft, Call of Duty, The European Union has on Tuesday, Nov. 8, 2022 launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, fearing the $69 billion deal would distort fair competition in the market. Under the terms of the agreement, which would be expected to close by mid-2023 pending regulatory and shareholder approval, Microsoft would own Activision, Blizzard Entertainment, and King under the Xbox Game Studios brand. Oct 5, 2022. Microsoft CEO Satya Nadella is still confident that the companys acquisition of Activision Blizzard will be approved, and said, "if this is about competition, let us have Despite much of the attention surrounding the acquisition centering on Call of Duty, Microsoft has admitted it mainly wants Activision Blizzard for PC and mobile gaming. A report earlier this year shows that a significant portion of Activision Blizzard's money came from King-the maker of Candy Crush and Farm Heroes. Under the terms of the agreement, which would be expected to close by mid-2023 pending regulatory and shareholder approval, Microsoft would own Activision, Blizzard Entertainment, and King under the Xbox Game Studios brand. Upon close, we will offer as many Activision Blizzard games as we It may turn out to be a This gives Microsoft ownership Activision Blizzard has released its third quarter financial results for the year of 2022, announcing stronger-than-expected earnings and reaffirming that the Microsoft merger is Infinity Ward The European Commission on Tuesday opened The Activision Blizzard Booth during the Electronic Entertainment Expo in Los Angeles, June 13, 2013. On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion in cash. On January 18, 2022, Microsoft announced plans to acquire Activision Blizzard for $95.00 per share in an all-cash transaction. The European Commission on Tuesday opened an in-depth investigation into Microsoft's proposed $68.7 billion Activision Blizzard acquisition. Microsoft filed the Activision Blizzard deal with the European Commission last week. Sep 1, 2022 | Phil Spencer - CEO, Microsoft Gaming. MORE:Microsoft's Activision Blizzard Purchase May Have Given It a Perfect New Developer For Halo. Microsoft gaming CEO Phil Spencer has publicly said that the company plans to continue releasing Activisions popular Call of Duty series on PlayStation, as well as On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion in cash. Regulators in the EU This gives Microsoft ownership of franchises such as Cal Our large investment to acquire Activision-Blizzard further strengthens our resolve to remove this friction on behalf of creators and gamers alike. A provisional deadline of November 8 was set by the regulators to either approve the The European Commission has opened what it calls an in-depth investigation into Microsofts proposed $68.7 billion acquisition of Activision Blizzard. Subject to customary closing conditions and the Published Oct 05, 2022 Microsoft's latest marketing endeavor explains what the various upsides of its acquisition of Activision Blizzard would be, promising improvements. We want to enable world-class content to By MATT O'BRIEN and RAF CASERT yesterday BRUSSELS (AP) The European Union has launched an investigation into Microsofts planned takeover of video game giant So far, regulators in Saudi Arabia and Brazil have The deal is currently undergoing regulatory The European Commission has reportedly probed rival gaming companies on Microsoft's proposed $68.7 billion acquisition of Activision Blizzard as it scrutinizes the deal. Sep 1, 2022 | Phil Spencer - CEO, Microsoft Gaming. Wall Street barely reacted to Activision Blizzards ATVI 1.20% third-quarter results on Monday because investors are much more focused its deal to be acquired by Microsoft What you need to know Back in January 2022, Microsoft announced a deal to acquire Activision Blizzard for $68.7 billion. Following this, Microsoft would own Activision, Blizzard Entertainment and King. The deal has to be approved by numerous regulatory authorities across Microsoft, which sells the Xbox line of video game consoles, announced its plans to acquire Activision Blizzard in January. So far, regulators in Saudi Arabia and Brazil have greenlit the deal. The U.S. Federal Trade Commission and the U.K.'s Competition and Markets Authority (CMA) have yet to issue a decision. This follows last month's informal probe. Blizzard The future of Microsofts $70 billion deal to acquire Activision could rest with the UKs Competition and Markets Authority, which has signaled its opposition, seemingly The latest financial reports for Activision Blizzard are out, as CEO Bobby Kotick reports the Microsoft merger is expected to finalize by June 2023. An Activision Blizzard worker tests a version of the Call of Duty video game. The European Union has launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, fearing the $69-billion deal would distort fair competition to popular titles like Call of Duty. "In this regard, it is important to note that Phil Spencer, the executive who heads the games division at Microsoft, has already publicly stated that he intends to honor the commitments made by Activision Blizzard with Sony, and even keep the launches of Call of Duty and other titles on the market. What you need to know. The acquisition values Activision at roughly $69 billion and places a 45% premium on the gaming company's price after the announcement was made. The EU highlighted Call of Duty's wide availability as a major factor in keeping the video game market competitive. November 8, 2022, 8:34 AM BRUSSELS -- The European Union has launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, Microsoft CEO Satya Nadella is still confident that the companys acquisition of Activision Blizzard will be approved, and said, "if this is about competition, let us have competition. Microsofts $69 million Activision buyout is facing increased scrutiny from regulators. Gaming for everyone, everywhere: our view on the Activision Blizzard acquisition Back in January 2022, Microsoft announced a deal to acquire Activision Blizzard for $68.7 billion. Microsoft is currently working to acquire Activision Blizzard in a deal worth almost $69 billion. Microsoft filed the Activision Blizzard deal with the European Commission last week.