Did Microsoft buy Activision Blizzard?

Microsoft announced its intention to buy Activision Blizzard on January 18, 2022 but unlike its relatively smooth acquisitions of studios like Starfield and Fallout maker Bethesda, the historic $68.7 billion deal was almost brought to a halt several times.

Why did Microsoft close Activision Blizzard deal?

The acquisition required 20 months of battles with regulators in the UK and US, but Microsoft has closed its Activision Blizzard deal after defeating the Federal Trade Commission in a US federal court and restructuring the deal to appease the Competition and Markets Authority (CMA) in the UK. “We love gaming.

What will Activision Blizzard do after the deal closes?

Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. “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,” said Satya Nadella, chairman and CEO, Microsoft.