Deal worth $68.7 billion
Now another major games developer/publisher will be acquired by Microsoft and has come out of left field - Activision-Blizzard. The deal is worth $68.7 billion. Previously, Microsoft made industry shock waves for purchasing Bethesda (ZeniMax Media) in 2021 for $7.5 billion.
To continue enticing gamers to buy Xbox Game Pass, the American corporation plans to add games from Activision’s catalogue to its game service library. This means franchises such as Diablo, Warcraft, Overwatch, Call of Duty, Candy Crush, Tony Hawk Skateboarding, Crash Bandicoot and Spyro the Dragon will become Microsoft exclusives.
Activision-Blizzard management will be report to Microsoft Gaming CEO Phil Spencer, though it remains unclear if current Activision CEO Bobby Kostick will remain in power once the deal is finalised.
Microsoft expects the $68.7 billion deal to close in fiscal year 2023, though its predicted regulatory approvals will prove challenging as Activision-Blizzard conducts business in a number of markets worldwide.