Microsoft Closes $69B Acquisition Of Activision Blizzard, Creating Video Game Behemoth
deadline.comAfter a winding road of regulatory challenges, Microsoft today closed its $69 billion acquisition of Activision Blizzard, creating a video game behemoth.
While Microsoft has always been an acquisitive company, the deal for Activision Blizzard is its biggest, and is the largest M&A deal since AOL bought Time Warner more than two decades ago.
Not only did Microsoft’s move trigger antitrust scrutiny in many parts of the world, but it occurred as Activision Blizzard was taking steps to address widespread allegations of sexual misconduct and harassment within its ranks.
Microsoft has been a successful player in the video game console business through Xbox, but Activision Blizzard unites it with one of the top game publishers in the sector, one known for blockbuster franchises like Call of Duty.
Read more on deadline.com