In late 2023, Microsoft made the biggest-ever push into gaming with an $68.7 billion deal to acquire Activision Blizzard, the publisher of Call of Duty, World of Warcraft, and Diablo. It was Microsoft’s largest deal in its 48-year history. The Federal Trade Commission in the U.S., the European Commission and the U.K.’s Competition and Markets Authority all raised objections to the transaction. To get the deal done, Microsoft made a number of promises and concessions, including a commitment to keep Call of Duty available on other platforms as well as spinning off the cloud gaming rights to Ubisoft and not taking ownership of these rights for any existing Activision Blizzard titles, or new games released in the next 15 years.
$68.7B • 2023 • Acquisition
Microsoft made its largest acquisition of all-time, purchasing Activision Blizzard for $68.7B in 2023.
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