Microsoft is buying Activision Blizzard

In an earth-shattering deal, Microsoft announced today that it has agreed to buy Activision Blizzard.

According to Bloomberg, that deal is valued at about $70 billion. In comparison, Microsoft spent $7.5 billion on Bethesda.

Activision Blizzard has been battling investigations into toxic workplace accusations during the past year. Selling could give current ownership, including CEO Bobby Kotick, something of a consolation. While leaders would still be subject to any consequences of those investigations, they can net a big payday by selling a company that is on a downward trend.

For Microsoft, this gives it access to some of the biggest gaming properties in history, including Call of Duty, which every year releases a best-selling shooter. Then there’s the Blizzard side, which is home to Warcraft, StarCraft, Diablo, and Overwatch. Activision also owns King, makers of the mobile megahit Candy Crush Saga.

Please follow and like us:
en_US