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M&A Highlight: Microsoft To Acquire ‘Candy Crush’ & ‘Call of Duty’ Maker Activision Blizzard For $68.7B – $ATVI $MSFT $DIA

By John F. Heerdink, Jr.

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.

“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms. We’re investing deeply in world-class content, community, and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all,” stated Microsoft Chief Executive Satya Nadella.

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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(Read Original Story: Microsoft To Buy Video Game Giant Activision For $69 Billion In Cash in Investor's Business Daily)


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