As per reports, Microsoft (MSFT) to buy Activision Blizzard (ATVI), the video game publisher of world renowned games ‘Candy Crush’ & ‘Call of Duty’, for $68.7 billion in cash. The deal will accelerate the growth of Microsoft’s gaming business across mobile, PC, cloud, and console and provide building blocks for the metaverse. Following the transaction, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. Microsoft will pay $95 in cash per share for the acquisition.
Activision Blizzard Chief Executive Bobby Kotick will continue to lead Activision following the deal closure and will report to Phil Spencer, chief executive of Microsoft Gaming. Redmond, Washington-based Microsoft expects the acquisition to close in its fiscal 2023, which begins July 1. The deal is subject to customary closing conditions, regulatory review, and as well as Activision Blizzard’s shareholder approval.
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses supports, and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.
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