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Microsoft to acquire Activision Blizzard in all-cash deal valued at $68.7 bln

Tiger Newspress2022-01-18

Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.

Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush,” in addition to global eSports activities through Major League Gaming. The company has studios around the word with nearly 10,000 employees.

Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.

The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.

The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzard’s shareholder approval. The deal is expected to close in fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment274

  • 11bea356
    ·2022-01-19
    Good news!
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  • Jess261
    ·2022-01-19
    Okay 
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  • Newbull
    ·2022-01-19
    First zynga, now Activision....seems like acquisition season for gaming sector. Which one is the next target?
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    • LimLS
      Microsoft is buying up the good gaming companies to solidify it's position for Metaverse, I guess. Who is next? hard to predict. But MSFT is definitely rich enough to buy a few more
      2022-01-19
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  • TLC88
    ·2022-01-18
    Ok
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    • TLC88
      Ok
      2022-01-18
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  • Bonds
    ·2022-01-18
    Cool
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  • njkk
    ·2022-01-18
    Pls like 
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    • SeLby
      Ok
      2022-01-18
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  • LifeLearner
    ·2022-01-18
    good deal.. metaverse seem like the future now
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    • njkk
      pls like
      2022-01-18
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  • ericbqlee
    ·2022-01-18
    [smile] 
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  • Moneyong
    ·2022-01-18
    Like 
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    • Moneyong
      Ok
      2022-01-18
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  • YummyFood
    ·2022-01-18
    [smile] [smile] 
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    • YummyFood
      [smile] [smile]
      2022-01-18
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  • newbe1001
    ·2022-01-18
    Ok
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  • leanzw
    ·2022-01-18
    Please like
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    • newbe1001
      ok
      2022-01-18
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    • Dan94
      ok
      2022-01-18
      Reply
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    • Jinhao94
      Liked
      2022-01-18
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  • Toratoratora
    ·2022-01-18
    Like and comment bruhhhhh
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  • Albaakbert
    ·2022-01-18
    [What] [Happy] [Miser] 
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  • jaffer
    ·2022-01-18
    Like and comment pls 
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    • leanzw
      done
      2022-01-18
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  • ML808
    ·2022-01-18
    Continue to growth
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    • Albaakbert
      [What][Miser]
      2022-01-18
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    • ML808
      yes
      2022-01-18
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  • Gackky
    ·2022-01-18
    68.7 bln worth of cash… how many briefcase required[Doubt] .. or several truckload [Surprised] 
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    • GackkyReplying to___ _
      swimming in a truckloads of money is wow[Wow]
      2022-01-19
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    • ___ _Replying toGackky
      money isn't fluid. hard to imagine 🤔
      2022-01-19
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    • GackkyReplying to___ _
      i can swim [Miser][Cool][Wow].. imagine that [Wow][Wow]
      2022-01-19
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    View more 2 comments
  • StickyRice
    ·2022-01-18
    Like please 
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    • jaffer
      ...
      2022-01-18
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  • Alex1709
    ·2022-01-18
    Noted
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  • StarryEyes
    ·2022-01-18
    Ok
    Reply
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