Business Technology

Microsoft completes $69bn takeover of Call of Duty maker Activision Blizzard

In a historic move, Microsoft has successfully concluded its colossal $69 billion acquisition of Activision Blizzard, the renowned creator of Call of Duty. This monumental deal marks the largest ever in the gaming industry and holds significant implications for the world of gaming.

The green light for this global acquisition was granted after UK regulators reviewed and approved it, addressing previous concerns. The UK’s Competition and Markets Authority, which had initially blocked the bid, has now expressed satisfaction with the adjustments made.

Phil Spencer, head of Microsoft Gaming, hailed the achievement, describing the acquisition of Activision as “incredible.” The gaming world was abuzz with excitement as this union promised new horizons and possibilities.

Bobby Kotick, CEO of Activision Blizzard, also made an important announcement in a letter to the company’s staff. He confirmed his intention to step down by the end of 2023 and expressed his commitment to a seamless transition alongside Phil Spencer.

Despite concerns voiced by industry rivals, including Sony, and regulators regarding competition within the gaming sector, Phil Spencer assured gamers of Microsoft’s inclusive approach. He emphasized that regardless of the platform they prefer, gamers are all welcome and encouraged to enjoy their favorite franchises.

This momentous acquisition signifies a pivotal moment in the gaming industry, and it’s evident that Microsoft is poised to shape the future of gaming, fostering a spirit of inclusivity and innovation for players across the spectrum of gaming platforms.

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