Earlier this year Microsoft said it would buy Blizzard (development and interactive entertainment content publisher) for $95 per share with a total transaction value of $68.7 billion. The transaction between these two giants is expected to take place in the 2023 fiscal year. This will be Microsoft’s most expensive acquisition ever.
Call of Duty, World of Warcraft, Diablo, Overwatch and Crash Bandicoot will come under Microsoft’s Xbox as soon as Microsoft and Blizzard’s deal is completed. As Microsoft acquires Activision Blizzard, the US tech giant will become the world’s third-largest gaming company in terms of revenue after Tencent and Sony. Also, Microsoft will have 30 in-house game development studios as well as additional esports organizational capability.
Bloomberg discusses with Microsoft’s gaming chief Phil Spencer, who said he “feels good” about Microsoft’s nearly $70 billion acquisition of Activision Blizzard, “I’ve never done a $70 billion deal, so I don’t know what my confidence means. I’ll say that the discussions we’re having seem to be positive.”
Spencer has promised to keep Activision Blizzard’s Call of Duty franchise on Sony’s PlayStation for a short time. He added that the idea of making a specific game for a certain device “will become less common in the future.”
Spencer also claims that while the US tech giant focuses on acquiring Blizzard, it is always looking for more content, whether through investing in new games, partnerships, or further deals.