Microsoft to buy Activision Blizzard for $68.7 billion - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

Microsoft to buy Activision Blizzard for $68.7 billion

Business
Christian Baha / MS

1 min read

EPA-EFE/LUKAS COCH

Microsoft Corp. announced on Tuesday that it will acquire Activision Blizzard Inc. for $95 per share in an all-cash deal totaling $68.7 billion.

The transaction, which will include Activision Blizzard's net cash, will make Microsoft the third-largest gaming company in the world behind Tencent Holdings Ltd. and Sony Group Corporation when it is finalized. Activision Blizzard CEO Bobby Kotick will remain in his post but will report to Microsoft Gaming CEO Phil Spencer upon the completion of the deal, expected during the fiscal year 2023.

"Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms," Microsoft Chairman and CEO Satya Nadella said in a statement.

gamingmergers and acquisitionsmicrosoftactivision blizzard
Related Stocks
Microsoft
Related News
Intel to sell 51% stake in Altera to Silver Lake
Intel Corp. announced on Monday that it is selling 51% of its Altera Corp. business to Silver Lake Technology Management L.L.C. The deal values Altera at $8.75 billion and establishes its operational independence, according to the statement. The transaction is expected to close in the second half of 2025.Altera will also see a change in leadership, with CEO Sandra Rivera being replaced by Raghib Hussain on May 5. "Backed by Silver Lake’s strong track record and...
Intel surges 5% premarket on Altera deal reports
Intel Corp. rocketed as much as 5% in premarket trade on Monday after media reports suggested it is nearing a deal to sell chip manufacturer Altera Corp. to Silver Lake Technology Management L.L.C. The company is allegedly valued at $9 billion, compared to almost $17 billion paid by Intel to buy it in 2015. Intel jumped 4.81% at 6:48 am ET, going for $20.66.
Germany: UniCredit can buy Commerzbank stake
Germany's Federal Cartel Office (Bundeskartellamt) approved on Monday UniCredit S.p.A.'s 29.99% stake in Commerzbank AG. The acquisition was authorized by the European Central Bank in March.The Bundeskartellamt said it did not identify any merger law issues regarding regional businesses, including savings banks, cooperative banks, and other private banks. "While the participants in this segment certainly hold a significant market position,...
VW's Scania acquires Northvolt's battery systems unit
Volkswagen AG's Scania announced on Friday that it acquired Northvolt Systems Industrial unit, which produces battery systems for heavy industry, including its production facilities, data and research center, and nearly 260 employees. According to the truckmaker's press release, the purchased business will become a partner of Scania Power Solutions and will operate as an independent venture within Scania Ventures and New Business. The companies agreed...
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.