Microsoft to acquire Activision for $68.7 billion
Microsoft doesn’t detail exactly how it will approach solving these issues, and the company says Bobby Kotick will continue to serve as CEO of Activision Blizzard for now. It looks like Kotick won’t remain once the deal is fully closed and after the transition period to Microsoft, though. Spencer, formerly head of gaming at Microsoft, is now CEO of Microsoft Gaming, and the company says the Activision Blizzard business will report directly to Spencer.
“As a company, Microsoft is committed to our journey for inclusion in every aspect of gaming, among both employees and players,” says Spencer. “We deeply value individual studio cultures. We also believe that creative success and autonomy go hand-in-hand with treating every person with dignity and respect. We hold all teams, and all leaders, to this commitment. We’re looking forward to extending our culture of proactive inclusion to the great teams across Activision Blizzard.
. At the time, that acquisition bolstered the company’s first-party Xbox game studios to a total of 23 and was seen as a huge boost for Xbox Game Pass. Microsoft now expects the Activision Blizzard deal “to close in fiscal year 2023,” which means we might not see this deal approved for up to 18 months. That’s a long period of time for a deal to close, but Activision Blizzard operates in a number of markets, which could make regulatory approval more complicated for Microsoft.In This Stream
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