“Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash.”
$68.7 billion buys Call of Duty, Warcraft, Candy Crush and the word “metaverse” twice in one press release. Bobby Kotick stays on as CEO to “strengthen the company’s culture,” the same culture facing harassment lawsuits right now. Microsoft becomes the third-largest gaming company by revenue. Game Pass just bought its exclusives in bulk.