Microsoft Purchased Activision Blizzard For $68.7 Billion

Currently, Activision Blizzard has popular titles like Diablo, World of Warcraft, and Overwatch. Recently Microsoft surprise the world by announcing that It will acquire Activision Blizzard for $68.7 billion. The deal is set is expected to close in 2023. Phil Spencer, CEO  of Microsoft Gaming, in a recent tweet, said that they have been in talks with leaders at Sony to address these concerns.

Spencer confirms in a tweet that the intention of Microsoft is to honor all existing agreements upon the acquisition of Activision Blizzard. He also said that for the time being Sony PS will keep getting Call of Duty games. The same thing happened when Microsoft acquired Zenimax Media in September 2021. 

At that time Microsoft also honored the existing agreements relating to the Death loop that launched as a PS5 exclusive. Zenimax Media is the parent company of Bethesda and is known for the titles like Dishonored, Doom, Fallout, and Elder Scrolls.

The acquisition of Activision Blizzard hints towards Microsoft wanting to dominate the mobile gaming space. Currently, Activision owns the mobile gaming studio King, developer of the Candy Crush games. Activision is able to successfully launch Call of Duty: Mobile for Android and IOS.

Bobby Kotick, CEO of Activision Blizzard, and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate the growth of the business. After the closure of the deal, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.

Nowadays mobile is widely used for gaming. Globally 95% of players enjoy the games on mobile. Now players can enjoy the most-immersive franchises, like Halo & Warcraft virtually anywhere they want.

Also, read Xbox news on Xbox 20th Anniversary Special Edition Wireless Controller-Rare Deal

Satya Nadella chairman and CEO of Microsoft Said that Gaming is the most thrilling and dynamic in terms of entertainment across the various platforms. Also plays a vital role in the development of metaverse platforms. We are investing in world-class content, community, and the cloud to usher in a new era of gaming that puts players and creators 1st and makes gaming safe, inclusive, and accessible to all.

According to the report, it has been suggested that Microsoft is planning to bring many Activision games as they can to its Xbox Game Pass subscription service.

In addition to this, it is likely to turn a few games into Microsoft exclusively. Though in the future, fans of the games like Call of Duty & Elder Scrolls might have to buy an Xbox console.