Will Blizzard be acquired?

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.

Is Blizzard being acquired?

It said it had “reached the conclusion that the transaction is unlikely to result in substantially restraining competition in any particular fields of trade.” Here's a list of all the countries that have approved Microsoft's acquisition of Activision Blizzard so far: Japan.

Will Microsoft be allowed to buy Blizzard?

Microsoft first announced its plans to purchase Activision Blizzard in January 2022. The deal has since faced scrutiny by governing bodies in the US, UK, and EU. Microsoft has made several announcements and deals in an effort to persuade regulators to approve the acquisition.

What will happen when Microsoft buys Blizzard?

Microsoft has a lot going on, including a cloud gaming service that allows games to be played on any computer or mobile device called Xbox Cloud Gaming. If Microsoft owns Activision Blizzard, it will easily have the best library in cloud gaming on the market, with almost no competition.

What happens if Microsoft buys Activision?

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.

Microsoft WILL Acquire Activision by August - Inside Games

Why is Microsoft buying Activision a big deal?

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.

What does it mean when Microsoft buys Activision Blizzard?

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 happens to my Activision Blizzard stock?

Following closing, all Activision Blizzard employee shareholders will be treated the same as other shareholders and receive $95.00 for each share of Activision Blizzard stock that they own.

What are the benefits that Microsoft will gain if they acquire Activision Blizzard?

According to the conclusion, the benefits of the acquisition were clear— taking over Activision Blizzard's game production process and expanding into more markets on top of it, while the potential threat was based on Microsoft's management capabilities and the feasibility of the metaverse concept.

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 can't i buy from Blizzard?

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Is Blizzard still profitable?

Activision Blizzard annual gross profit for 2022 was $5.306B, a 18.19% decline from 2021. Activision Blizzard annual gross profit for 2021 was $6.486B, a 11.33% increase from 2020.

Is Blizzard making money?

According to Activision Blizzard's most recent financial report, the developer/publisher generated £535m from its PC and console sales in Q2 2022 - £275m ($332m) on PC and £310m ($376m) consoles - while £688m ($831m) came from its "mobile and ancillary" business, which the company says "primarily include[s] revenues ...

Will Activision Blizzard go up?

We forecast the company's bookings to be around $9.5 billion in 2023, reflecting a 12% y-o-y growth. Its operating margin contracted over 650 bps in 2022 amid higher costs, but it will likely see a rebound next year.

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.

How high will Activision stock go?

Average Price Target

Based on 12 Wall Street analysts offering 12 month price targets for Activision Blizzard in the last 3 months. The average price target is $92.42 with a high forecast of $95.00 and a low forecast of $81.00. The average price target represents a 15.99% change from the last price of $79.68.

How long will Activision Blizzard take to close deal?

Microsoft Still Targets July 2023 as Closure Date for Its $69 Billion Activision Blizzard Deal. Despite several filed lawsuits and ongoing investigations, Microsoft still targets this fiscal year as the closure date for its highly-debated Activision Blizzard megadeal.

Will Microsoft get rid of Blizzard launcher?

No, everything will continue to run as it is now. That doesn't mean that games won't also become available through the M$ store, but the Battle.net app is likely here to stay. It's too developed and engrained with the community to just throw it away.

Did the Xbox Activision deal go through?

Microsoft's $69 billion deal to buy Activision Blizzard inched closer in a big way on Friday. UK regulators announced a provisional finding that the acquisition wouldn't harm competition, despite previously suggesting the Xbox maker might need to spin-off the Call of Duty business to get the sale approved.

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 Microsoft buying Activision mean for Playstation?

It also means the developers will now focus on the Xbox version of their games first, and rival consoles second – if at all – which almost guarantees the best experience will be on Microsoft machines. It's a savvy move and one that Microsoft will hope can sway more people to buy their console.

Is Microsoft confident about Activision deal?

Xbox CEO Phil Spencer says he's confident its Activision-Blizzard acquisition deal will receive final approval from global regulatory bodies. Xbox head Phil Spencer remains confident that Microsoft's Acquisition of Activision-Blizzard will go through.