When would Microsoft Activision deal close?

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When would Microsoft Activision deal close

When would Microsoft Activision deal close?

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The Microsoft Activision deal closed on October 13, 2023, after a lengthy regulatory review process that lasted for 21 months, with Microsoft finally completing its $69 billion acquisition of Activision Blizzard. This deal marks a significant milestone for Microsoft as it seeks to expand its presence in the video-gaming market and better compete with industry leader Sony.

Frequently Asked Questions

General Information

  1. How long will the Microsoft Activision deal take?: The Microsoft Activision deal took 21 months to close, with the official announcement of its completion made on October 13, 2023.
  2. Is the Microsoft Activision deal finalized?: Yes, Microsoft has finalized its $68.7 billion deal to acquire Activision Blizzard, the publisher of Call of Duty, World of Warcraft, and Diablo.
  3. What happens to my Activision stock when Microsoft buys it?: Activision stockholders will receive $95 for each share of Activision they owned prior to the close.

Background and History

  1. Why hasn’t Microsoft bought Activision?: The deal was previously blocked by regulators, but after a series of victories, including a U.S. district judge vetoing the FTC’s attempt to block the deal, Microsoft was able to move forward with the acquisition.
  2. Who won the Activision deal?: Microsoft won the deal, gaining approval from the UK regulator and completing the acquisition after a lengthy review process.

Financial Details

  1. How much will MSFT pay for ATVI?: Microsoft paid $69 billion for Activision Blizzard, significantly expanding its portfolio of gaming titles.
  2. How much will Microsoft pay for Activision per share?: Microsoft agreed to pay $95 per share for Activision Blizzard, valuing the company at $68.7 billion.
  3. Is Microsoft Activision deal all cash?: The deal includes Microsoft paying $95 in cash for each share of Activision Blizzard, although the total value of the deal is $68.7 billion, inclusive of Activision Blizzard’s net cash.

Investment and Stock Performance

  1. Should I buy Activision shares?: According to Zacks Rank, Activision Blizzard, Inc. currently has a rank of #2 (Buy), indicating it may be a good time to invest.
  2. Is it worth investing in Activision Blizzard?: The consensus is mixed, with some analysts recommending a “buy” and others a “hold”, depending on their outlook for the gaming industry and Microsoft’s ability to integrate Activision Blizzard successfully.

Future Plans and Implications

  1. Why is MSFT buying Activision?: Microsoft is buying Activision to advance its goal of bringing more creative and innovative games to players everywhere and on any device, expanding its gaming portfolio with titles like Call of Duty and World of Warcraft.
  2. What will Microsoft do with Activision?: Acquiring Activision Blizzard gives Microsoft access to multi-million dollar IPs such as Call of Duty, Overwatch, Diablo, and WarCraft franchises, significantly bolstering its gaming division.

Ownership and Regulation

  1. Who owns the most Activision stock?: The largest shareholders include Fmr Llc, Wellington Management Group Llp, Boston Partners, and Vanguard Group Inc, among others, although the majority ownership now rests with Microsoft.
  2. Can the CMA block Activision merger?: The UK’s Competition and Markets Authority (CMA) initially moved to block the deal but ultimately approved it after Microsoft agreed to certain conditions, including selling Activision’s streaming rights to Ubisoft Entertainment.

Gaming Industry Impact

  1. Will Call of Duty be an Xbox exclusive?: No, Call of Duty will remain available on both Xbox and PlayStation for at least the next 10 years due to a deal agreed upon by Microsoft and Sony, ensuring gamers across both platforms can continue to play the popular title.

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