the staff of the Ridgewood blog
Ridgewood NJ, Microsoft is acquiring Activision Blizzard in a deal valued at $68.7 billion. Many of Activision’s games will be added to Xbox Game Pass once the deal closes in the fiscal year 2023. It will take a long time for the deal to close as Activision Blizzard operates in many markets, making receiving regulatory approval more complicated for Microsoft. Activision Blizzard was recently sued for promoting a culture of constant sexual harassment. Bobby Kotick will continue to serve as CEO of Activision Blizzard until the deal is fully closed.
The acquisition will make the combined company the No. 3 global gaming power. The deal is the largest in any industry since the start of the pandemic, and the biggest in Microsoft’s history.
