Microsoft is buying Activision Blizzard
Microsoft has just announced its intention to buy Activision Blizzard for nearly $70 billion dollars.
Activision Blizzard “will continue to operate independently” until all the kinks in the deal have been worked out, and once the acquisition is complete all the studios in the group will answer directly to Phil Spencer.
- Microsoft will pay $95 per share
- Bobby Kotick will report to Phil Spencer
- Will become the third-largest game company by revenue
- Xbox “deeply value individual studio cultures”
Xbox boss: While Bethesda Softworks and other studios enjoy a degree of autonomy within the Xbox Game Studios group, Activision Blizzard has been wracked by one scandal after the other, and Microsoft will most likely have to take a rather active role in restoring the peace. Bobby Kotick is likely to step down once the transaction is concluded in 2023, although neither Microsoft nor Activision would comment further on this.
Catalogue: Xbox Game Pass will “offer as many Activision Blizzard games as we can”, which includes a long list of heavy hitters including World of WarCraft, Call of Duty, Overwatch and Spyro the Dragon.