Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory review
Publishing timestamp: 2023-10-13 12:25:47
Summary
Microsoft has closed its $69 billion acquisition of video game publisher Activision Blizzard, marking its largest deal in history. The deal gives Microsoft access to popular gaming franchises such as Call of Duty and Diablo. The acquisition faced regulatory scrutiny but ultimately gained favorable rulings. Microsoft aims to diversify its business beyond operating systems and productivity software. Activision Blizzard CEO Bobby Kotick will remain in his position until the end of the year.
Sentiment: NEUTRAL
Keywords: business news, business, activision blizzard inc, nvidia corp, microsoft corp, satya nadella, gaming software, breaking news: technology, technology, united states, enterprise,