The network is spreading information about perhaps the largest transaction in the gaming industry in the past few years. How report internal sources The Wall Street Journal right now, Microsoft has finished negotiations with Activision Blizzard, the purpose of which was the acquisition or partial absorption of a major publisher.
The authors of the Call of Duty, World of Warcraft and Diablo series were bought for $70 billion. Deal officially subredded Microsoft.
Welcome the incredible teams and legendary Activision Blizzard franchises to Microsoft Gaming. Creators of Call of Duty, Warcraft, Candy Crush, Tony Hawk, Diablo, Overwatch, Spyro, Hearthstone, Guitar Hero, Crash Bandicoot, StarCraft and more join Team Xbox
As a team, we strive to bring the joy and community of gaming to everyone on the planet. We all know that gaming is the most vibrant and dynamic form of entertainment in the world, and we have experienced the power of social connections and friendships that make gaming possible.
As we fulfill this mission, it’s incredibly gratifying to announce that Microsoft has agreed to acquire Activision Blizzard.
– the company added in an official statement.
It is reported that Microsoft acquired Activision Blizzard at a price that exceeds the company’s total capitalization. Activision Blizzard is valued at approximately $50 billion, however the deal closed for $68.7 billion.
According to sources, the big deal is related to a string of scandals at Activision Blizzard. The company’s management is ready to go on sale due to the fact that they cannot cope with large reputational losses.
It should be noted that the deal has not yet been officially closed. The companies will have to pass an antimonopoly inspection. Until then, Activision Blizzard and Microsoft Gaming will continue to operate independently.