Activision Blizzard buyout

Microsoft announced that they will acquire Activision Blizzard at USD 95.00 per share for an estimated all-cash value of USD 68.7 billion, inclusive of Activision Blizzard's net cash. Bobby Kotick will remain as the CEO of Activision Blizzard, and once the team closes, the Activision Blizzard business will report to Phil Spencer, CEO of Microsoft Gaming. After successfully overcoming regulatory hurdles in the US and EU, Microsoft has cleared its final obstacle in acquiring Activision Blizzard with the approval of the UK's Competition and Markets Authority (CMA). This decision means that Microsoft will be unable to obtain licenses for cloud gaming rights related to existing or future Activision Blizzard titles for the next 15 years. Activision Blizzard + King games join Xbox platform As the monumental deal between Microsoft and Activision Blizzard concludes, Microsoft will now gain ownership of popular titles such as Call of Duty, Overwatch, Candy Crush Saga, and World of Warcraft. Xbox players can anticipate the addition of numerous Activision Blizzard games to their subscription service, Game Pass. Notably, workers at Blizzard's Albany, NY offices and Activision subsidiary Raven Software have formed unions, further highlighting Microsoft's stance on labor rights. In a significant win for Microsoft, a California judge has denied the Federal Trade Commission's (FTC) request for a preliminary injunction to block the company's acquisition of Activision Blizzard. Read more in our articles including "Microsoft to acquire Activision Blizzard for USD 68.7 billion" and "Microsoft officially acquires Activision Blizzard for USD 69 billion".