Microsoft Successfully Completes Acquisition of Activision Blizzard
October 13, 2023 – In a deal that was announced in January 2022, Microsoft has officially completed its acquisition of Activision Blizzard. The transaction, which took nearly two years to finalize, faced opposition from Sony, as its PlayStation console directly competes with Microsoft’s Xbox.
During the process, Microsoft also had to navigate a legal dispute with the US regulatory body, the Federal Trade Commission (FTC), which the company ultimately won. Additionally, the UK’s Competition and Markets Authority (CMA) required some adjustments to the deal. As a result, Ubisoft has secured the rights to stream Activision Blizzard games for the next fifteen years.
This acquisition marks a significant move for Microsoft in the gaming industry, solidifying its position as a major player. With Activision Blizzard’s extensive portfolio of popular game franchises such as Call of Duty, World of Warcraft, and Candy Crush, Microsoft is poised to expand its reach and influence in the gaming market.
The completion of this deal is expected to have a significant impact on the gaming landscape, as Microsoft now has access to a vast library of beloved games and the resources to further develop and innovate within the industry. Gamers can anticipate exciting new collaborations and advancements in gaming technology as a result of this acquisition.
As Microsoft takes the reins of Activision Blizzard, the company will undoubtedly face the challenge of integrating the two entities and ensuring a smooth transition for employees and players alike. The gaming community will be closely watching to see how Microsoft leverages its new assets and shapes the future of gaming.
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How did Microsoft overcome the opposition and successfully complete the acquisition of Activision Blizzard?
Rewritten:
Microsoft has officially completed its acquisition of Activision Blizzard, marking the successful culmination of a deal that was initially announced in January 2022. After nearly two years of negotiations and hurdles, the transaction has been finalized despite facing opposition.
This is a game-changing move that will reshape the gaming industry and create new possibilities for gamers worldwide.
I’m curious to see how this acquisition will impact the existing franchises under Activision Blizzard’s umbrella.