The Strategist

Microsoft closes deal to buy Activision

10/16/2023 - 03:49

According to a statement posted on the US Securities and Exchange Commission (SEC) website, US Microsoft Corp. has completed the acquisition of Activision Blizzard.

The Competition and Markets Authority (CMA), the UK antitrust regulator, approved the acquisition earlier on October 13.

The US Federal Trade Commission (FTC) is still working to stop the merger through a domestic court, and it may attempt to halt the transaction once it complete, the Financial Times writes.

Activision posted a statement from its CEO Bobby Kotick to staff members on its website on October 13. In the message, Kotick states that he will stay in his role until the end of the year. The Verge notes that it was already anticipated that Kotick would quit the game developer as soon as the Microsoft agreement was finalized.

Activision's projected transaction value, omitting net cash, is $75 billion. According to The Financial Times, it's the largest in the history of the video game industry.