Microsoft has plans to acquire Activision for $68.7 billion, which will include franchises like Overwatch, Diablo, Call of Duty, World of Warcraft, and CandyCrush. All favorites from the Activision, Blizzard and King studios.
Microsoft says it will be the “third-largest gaming company by revenue” once the deal closes. The company has stated plans to add many of Activision’s games to Xbox Game Pass, which now has over 25 million subscribers. Microsoft’s CEO of gaming Phil Spencer said, “Upon close, we will offer as many Activision Blizzard games as we can within Xbox Game Pass and PC Game Pass, both new titles and games from Activision Blizzard’s incredible catalog”.
“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. “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”
This all comes after Activision’s recent harassment and discrimination lawsuit. Last July, the California Department of Fair Employment and Housing (DFEH) sued Activision Blizzard for promoting a culture of “constant sexual harassment.” More employees have come forward with allegations of sexual misconduct since the case was opened, and the company reached an $18 million settlement with the US Equal Employment Opportunity Commission in September of 2021. That settlement is currently being appealed.
The acquisition of Activision Blizzard is expected to close in fiscal year 2023 and the transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard.