What is the 70 billion deal with Microsoft?

Microsoft buys video game maker Activision Blizzard for nearly $70 billion. Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush' and 'Call of Duty,' as it seeks an edge in the fiercely competitive businesses of mobile gaming and virtual-reality technology.

What happens if Microsoft buys Activision?

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.

What is Microsoft's largest deal?

On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard, an American video game holding company, for $68.7 billion in cash. The deal has been approved by both companies' board of directors and is expected to close in 2023 following international government regulatory review of the action.

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 is the Microsoft gaming deal?

— Feb. 21, 2023 — On Tuesday, Microsoft and NVIDIA announced the companies have agreed to a 10-year partnership to bring Xbox PC games to the NVIDIA® GeForce NOW™ cloud gaming service, which has more than 25 million members in over 100 countries.

Microsoft Buying Activision for 70 Billion What You Need To Know

What does the Microsoft Activision deal mean for Sony?

MICROSOFT'S COMMITMENTS

Our commitment to grant long term 100% equal access to Call of Duty to Sony and Nintendo preserves the deal's benefits to gamers and developers and increases competition in the market. • Microsoft offered Sony a legally binding 10-year contract for 100% equal access to Call of Duty.

What did Microsoft agree to pay for Activision?

On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion in an all-cash deal, or approximately $95 per share.

Why does Microsoft want to buy Activision?

Buying Activision will give Microsoft ownership of many of the world's biggest games: not just Call of Duty, but others, including mobile behemoths like Candy Crush. All of those will be part of Microsoft and can be used to boost the offering of the Xbox.

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) …

Why did Activision sell out to Microsoft?

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.

Who did Microsoft buy for $70 billion?

Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush' and 'Call of Duty,' as it seeks an edge in the fiercely competitive businesses of mobile gaming and virtual-reality technology.

Is Microsoft a $2 trillion dollar company?

The company reached the $2 trillion milestone just over two years after it first passed the $1 trillion market cap mark. Covid-19 helped get it there. The pandemic meant people were spending more time on their devices, boosting demand for Microsoft's computers, gaming systems and cloud computing platform.

Who owns most of Microsoft?

Microsoft Corp (NASDAQ:MSFT)

Institutional investors hold a majority ownership of MSFT through the 72.69% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Packaged Software industry.

Who owns Microsoft?

Microsoft is among the largest companies on earth, with a diversified portfolio. Owned by billionaire Bill Gates, Microsoft acquired other companies like LinkedIn, GitHub, Skype, and more over the years.

Does Microsoft own Blizzard yet?

August 24, 2022 - Xbox Launches Website Outlining Benefits of the Acquisition. To spell out the benefits of Xbox's acquisition of Activision Blizzard to the public, Microsoft launched a website that highlighted its “vision for gaming,” and the positives of what could become the biggest deal in video game history.

Why couldn t Microsoft buy Activision?

Effectively, the FTC believes that if Microsoft absorbed Activision Blizzard, their combined powers would allow them to monopolize the games market and hurt potential competitors like Nintendo or Sony in ways they couldn't reasonably compete with.

Who is against the Microsoft Activision deal?

The UK's Competition and Markets Authority (CMA) has said it is opposed to Microsoft's planned purchase of games developer Activision Blizzard. The CMA said it had provisionally concluded it would result in higher prices, fewer choices and less innovation.

How long will it take for Microsoft to own Activision?

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.

Why did Activision sell to Xbox?

“Its vision for the transaction is simple: Xbox wants to grow its presence in mobile gaming, and three-quarters of Activision's gamers and more than a third of its revenues come from mobile offerings,” according to Microsoft.

What does the Microsoft Activision deal mean?

The deal would see Activision, Blizzard Entertainment, and King become a part of the Xbox Game Studios brand, with Microsoft gaining control over franchises like Call of Duty, Candy Crush, and World of Warcraft.

Why is the FTC trying to block Microsoft?

In a complaint issued today, the FTC pointed to Microsoft's record of acquiring and using valuable gaming content to suppress competition from rival consoles, including its acquisition of ZeniMax, parent company of Bethesda Softworks (a well-known game developer).

Why is FTC suing Microsoft?

Like regulators in the EU and UK, the FTC is concerned that the deal could stifle competition in the gaming sector. Microsoft's plan to acquire gaming giant Activision Blizzard has a major challenge ahead, as a US regulator is seeking to prevent it.

Did Microsoft overpay for Activision?

Most people think that Microsoft overpaid with the $70 billion price tag on Activision Blizzard. Not necessarily. People tend to look at this as a consolidation deal, where Microsoft buying a company at a decline, which is not. The important point of the deal was to facilitate Category Acceleration.

Why is Sony blocking the Activision deal?

Sony also cited Microsoft's "history of non-compliance with behavioral commitments" as reason not to allow its purchase of Activision Blizzard, and recommended to the CMA that the merger be blocked – or subjected to a structural remedy instead of a behavioral one.

Is Sony trying to stop Microsoft from buying Activision?

Sony's Jim Ryan Just Wants To Block Microsoft Activision Purchase, Says ATVI CCO. Sony's Jim Ryan doesn't care about a deal to keep Call of Duty on PlayStation consoles. Instead, the Sony Interactive Entertainment President and CEO is solely focused on blocking Microsoft's purchase of Activision Blizzard.