Today, Microsoft announced plans to acquire Activision Blizzard for $68.7 billion.
Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion. When the transaction closes, Microsoft will then become the world’s third-largest gaming company by revenue, behind Tencent and Sony.
According to Microsoft’s Phil Spencer:
As a company, Microsoft is committed to our journey for inclusion in every aspect of gaming, among both employees and players. We deeply value individual studio cultures. We also believe that creative success and autonomy go hand-in-hand with treating every person with dignity and respect. We hold all teams, and all leaders, to this commitment. We’re looking forward to extending our culture of proactive inclusion to the great teams across Activision Blizzard.
Around the world, there is no more exciting venue for fun and connection than video games. And there has never been a better time to play than right now. As we extend the joy and community of gaming to everyone, we look forward to welcoming all of our friends at Activision Blizzard to Microsoft Gaming.Phil Spencer
Until the transaction closes, Activision Blizzard and Microsoft Gaming will operate independently. Once things close, the Activision Blizzard business will report to Phil Spencer as CEO, Microsoft Gaming.