Microsoft is set to snap up Call of Duty company Activision Blizzard in what will be the largest deal struck in the video gaming industry.
The tech giant confirmed news of the deal with the gaming firm in a statement released on Tuesday.Reports suggest that Microsoft’s acquisition of Activision Blizzard will be worth a huge $68.7bn (£50.6bn).The historic deal means that Microsoft could have exclusive rights to some of the biggest video gaming franchises in the industry.Activision Blizzard has published and produced titles such as World of Warcraft, Overwatch and the Call of Duty series of games.Xbox and PC gamers could see these games feature on the popular Xbox Game Pass subscription service - which currently has around 25 million subscribes across the globe.
The deal is expected to be a blow to Microsoft rival Sony, amid rumours that the company is set to launch its own version of Xbox's Game Pass on PlayStation in the near future.
In a statement, Microsoft said that the two companies will continue to “operate independently” until the deal is complete.Did you know you can keep up to date with the latest news by signing up to our daily newsletter?We send a morning and lunchtime newsletter covering the latest headlines every day.We also send coronavirus updates at 5pm on weekdays, and a round up of the week's must-read stories on Sunday afternoons.Signing up is simple, easy and free.You can pop your email address into the sign up box above, hit Subscribe and we'll do the rest.Alternatively, you can sign up and check out the rest of our newsletters here.The firm also said that the acquisition of Activision Blizzard will ‘accelerate’ their plans for Cloud Gaming.Microsoft said it expects the deal to close in the 2023
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