Who is taking over Activision?
Microsoft has completed its $69bn (£56bn) takeover of Call of Duty maker Activision Blizzard, marking the biggest deal in the gaming industry. This acquisition brings Activision Blizzard under Microsoft’s umbrella, making it a subsidiary of the tech giant, and ending the 19-month acquisition saga.
Introduction to the Acquisition
Background and Significance
The acquisition of Activision Blizzard by Microsoft is a monumental deal that has sent ripples across the gaming industry. To understand the implications and details of this takeover, it’s essential to delve into the specifics of the acquisition and address the questions that have arisen during this process.
FAQs about the Acquisition
- Who took over Activision? Microsoft has taken over Activision Blizzard, completing the acquisition in a deal worth $69 billion.
- Is Microsoft taking over Activision? Yes, Microsoft has finalized its acquisition of Activision Blizzard, integrating it into its Microsoft Gaming division.
- Who is going to buy Activision? Microsoft, the owner of Xbox, has bought Activision Blizzard for $69 billion.
- Who owns Activision 2023? As of 2023, Activision Blizzard is a subsidiary of Microsoft, following the completion of the acquisition deal.
- What will happen to Activision stock if Microsoft buys? Activision Blizzard stockholders will receive $95 per share, which is significantly higher than the stock’s price before the acquisition bid.
- Who owns the majority of Activision? Before the acquisition, the largest shareholders included Fmr Llc, Wellington Management Group Llp, Boston Partners, and others.
- How high will Activision stock go? The average price target for Activision Blizzard stock is $94.44, with forecasts ranging from $90.00 to $96.00.
- Why can’t Microsoft buy Activision? Initially, the deal was blocked by the U.S. Federal Trade Commission (FTC) due to concerns over reduced competition in the gaming industry.
- Why hasn’t Microsoft bought Activision? Despite initial setbacks, including a block by the FTC, Microsoft successfully completed the acquisition after overcoming regulatory hurdles.
- Is Microsoft buying Activision final? Yes, Microsoft’s purchase of Activision Blizzard has received final approval from Britain’s competition watchdog, completing the deal.
- What is Activision called now? Activision Blizzard remains the name of the company, now operating as a subsidiary under Microsoft’s Microsoft Gaming division.
- Who tried to buy Activision Blizzard? Microsoft, aiming to expand its gaming portfolio and strengthen its position in the market, initiated and completed the acquisition of Activision Blizzard.
- Does Microsoft own EA? No, Microsoft does not own EA (Electronic Arts), although it may hold some shares as EA is a publicly traded company.
- Why does Microsoft want to buy Activision? Microsoft aims to bolster its gaming offerings, particularly on Xbox and its Game Pass subscription service, and to expand into mobile gaming.
- Did Microsoft buy Blizzard? Yes, Microsoft acquired Blizzard, as part of its purchase of Activision Blizzard, in a deal that closed on October 13, 2023.
Conclusion
The acquisition of Activision Blizzard by Microsoft marks a significant milestone in the gaming industry, with far-reaching implications for game development, distribution, and the future of gaming platforms. As Microsoft integrates Activision Blizzard into its operations, the company is poised to strengthen its position in the market, offering a broader range of games and services to its users.