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Xbox announces Activision Blizzard acquisition for $68.7 billion


Xbox announced a deal to acquire Activision Blizzard for a whopping 68.7 billion dollars. The deal is expected to close sometime in 2023, and means Xbox will own games like Call of Duty, Diablo, and World of Warcraft. Microsoft plans to continue certain games from the company on Playstation, but will make some of the content exclusive to Xbox. Once the deal goes through, it will make Microsoft the third-largest gaming business by revenue after Tencent and Sony. This deal is the largest gaming acquisition in history, previously held by Take Two's acquisition of Zynga for 12.7 billion.

Posted: 19th Jan 2022
Tags:
, microsoft, xbox, blizzard, activision, acquisition

 
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