Is Blizzard being sold to Microsoft?

January 18, 2022 - Microsoft Announces It Will Acquire Activision Blizzard.

Did Microsoft buy Blizzard go through?

Jan. 18, 2022: Microsoft is buying embattled Call of Duty publisher Activision Blizzard in the largest gaming industry acquisition ever. That means a lot of things, including that the head of Xbox, Phil Spencer, will soon be veteran CEO Bobby Kotick's new boss.

What happens when Microsoft buys Activision Blizzard?

Activision Blizzard own the Call of Duty franchise, one of the biggest in gaming history. If Microsoft's acquisition deal closes, they will own the Call of Duty series, and be able to do whatever they want with it on their Xbox systems going forward. Microsoft could have bought other companies, but it already did.

Why Microsoft buying Activision is good?

Microsoft says it needs the deal to boost the Xbox

Microsoft says buying Activision would let it put more big titles on Game Pass - its Netflix-style subscription - and make more games for mobile phones, where there are big profits to be made.

What does it mean if Microsoft buys Activision?

The deal would grant Microsoft ownership over globally recognized franchises like Call of Duty, World of Warcraft, and Candy Crush, to name a few. It also creates a new division in the company, Microsoft Gaming, to be led by the company's head of its Xbox division, Phil Spencer.

What Will Microsoft Do If It Can't Buy Activision?

Is the Microsoft Activision deal finalized?

Microsoft finalizes deal to bring Call of Duty to Nintendo for 10 years. Microsoft has confirmed that it has signed a “binding 10-year legal agreement” to put Call of Duty on Nintendo platforms on “the same day as Xbox, with full feature and content parity.”

What will happen to Blizzard Microsoft?

Xbox announced via its official Xbox Wire site that it would acquire Activision Blizzard for $68.7 billion. All Activision Blizzard studios which include Blizzard but also Call of Duty developers like Infinity Ward and Sledgehammer would report to Xbox head Phil Spencer.

Will Microsoft Activision deal be approved?

Microsoft's proposed acquisition of Activision Blizzard is likely to be approved by EU regulators, Reuters reports. The software giant struck licensing deals with Nintendo and Nvidia recently, and Reuters says these deals are likely to satisfy lawmakers in Europe to help Microsoft clear its $68.7 billion deal.

How long will it take for Microsoft to own Activision?

Under the terms of the agreement, which would be expected to close by Spring 2023 pending regulatory and shareholder approval, Microsoft would own Activision, Blizzard Entertainment, and King under the Xbox Game Studios (Microsoft Gaming) division.

How long will it take for Microsoft to buy Activision Blizzard?

Microsoft's planned acquisition of Activision Blizzard, which is a leading developer and publisher of console, online, and mobile games is expected to be completed in June of 2023.

Is Activision Blizzard a good stock to buy?

Activision Blizzard Stock Forecast FAQ

Is Activision Blizzard Stock a good buy in 2023, according to Wall Street analysts? The consensus among 13 Wall Street analysts covering (NASDAQ: ATVI) stock is to Strong Buy ATVI stock.

Why did Blizzard shut down?

Fans of Blizzard games like World of Warcraft and Overwatch in China are in mourning following the shutdown of the majority of Blizzard game services in the country, after Activision Blizzard and China's NetEase Games failed to renew their licensing agreement.

Will Microsoft layoff Blizzard employees?

One year after announcing Activision Blizzard acquisition, Microsoft is laying off 10,000 employees. The cuts come as consumer digital spending slows and fears of a recession persist.

Is Microsoft getting rid of battlenet?

Battle.net technology will continue to serve as the central nervous system for Blizzard games—nothing is changing in that regard. We'll just be referring to our various products and services using the Blizzard name instead.

Will Microsoft be blocked from buying Activision?

The planned Microsoft Activision acquisition has been provisionally blocked by the UK's antitrust watchdog, the Competition and Markets Authority (CMA) …

How much does a Blizzard employee earn?

Blizzard Entertainment pays its employees an average of $100,335 a year. Salaries at Blizzard Entertainment range from an average of $60,777 to $145,717 a year.

Is it hard to work at Blizzard?

Blizzard is a tight-knit familial atmosphere with people who are passionate about video games and love making them. But it takes more than a passion for video games to work here. You need to be competent at the role you're seeking to fill and well versed in the required tools.

How long does the average employee stay at Microsoft?

The average employee at Microsoft makes $131,100 per year. Microsoft employees are most likely to be members of the democratic party. On average, employees at Microsoft stay with the company for 5.2 years.

Why is Blizzard in trouble?

Activision Blizzard agreed to pay $35 million to resolve claims it lacked an adequate process to assess workplace misconduct complaints, the Securities and Exchange Commission announced Friday, following allegations of sexual assault and mistreatment of women at the company in recent years.

Why can t China play WoW anymore?

Last November, however, Blizzard and NetEase announced they would not renew licensing agreements that were set to expire this month. Those deals had covered the publication of several popular Blizzard titles in mainland China, including “World of Warcraft,” “Hearthstone,” and “Diablo III,” since 2008.

Why is Blizzard being sold?

Activision Blizzard has been embroiled in a sexism and workplace discrimination crisis for the past six months, the effects of which directly led to the announcement on Tuesday that Microsoft plans to buy the publisher for a record-breaking $68.7 billion, according to a report from The Wall Street Journal.

What is Blizzard price prediction?

Stock Price Forecast

The 20 analysts offering 12-month price forecasts for Activision Blizzard Inc have a median target of 95.00, with a high estimate of 95.00 and a low estimate of 81.00. The median estimate represents a +11.31% increase from the last price of 85.35.

Is Activision Blizzard a good long term investment?

Activision Blizzard stock forecast for 2023 and beyond

Out of the 17 analysts covering the stock, nine rated it as a "buy', while the remaining eight rated it a "hold." The consensus Activision Blizzard stock forecast for 2023 was $94.28, ranging from the low price target of $83 to a high of $100.