Is Activision deal going to close?

Is Activision Deal Going to Close?

The gaming industry has been abuzz with the news of Microsoft’s acquisition of Activision Blizzard, a deal worth a staggering $69 billion. The deal has been in the works for months, and many are wondering if it will finally go through. In this article, we’ll explore the latest developments and provide an answer to the question on everyone’s mind: Is Activision deal going to close?

Deal Closes: Microsoft Completes Acquisition of Activision Blizzard

In a major development, Microsoft has officially closed its acquisition of Activision Blizzard, marking the end of a long and complex process. The deal was announced in January 2022, and since then, regulators have been scrutinizing the merger to ensure it does not harm competition.

What Happens Next?

So, what happens now that the deal is closed? For Activision Blizzard, it means that the company will become a subsidiary of Microsoft, with Bobby Kotick, the current CEO, staying on until the end of 2023. The company’s popular games, including Call of Duty, World of Warcraft, and Overwatch, will continue to be developed and published under the Activision Blizzard banner.

What About ATVI Shareholders?

For ATVI shareholders, the deal means that they will receive $95.00 in exchange for each ATVI share held at the close of trading on October 12, 2023. This is a significant increase from the company’s previous stock price, and many investors are likely to be pleased with the outcome.

What About the Future of Activision Games?

One of the biggest concerns about the deal is what it means for the future of Activision games. Will Microsoft continue to develop and publish games under the Activision Blizzard banner, or will it discontinue certain titles? While we don’t have all the answers yet, it’s likely that Microsoft will continue to support and develop Activision games, given the company’s commitment to gaming and its desire to expand its portfolio.

Benefits of the Deal

So, what are the benefits of the deal for Microsoft and Activision Blizzard? For Microsoft, the acquisition provides a significant boost to its gaming portfolio, giving it access to a range of popular games and a large user base. For Activision Blizzard, the deal provides a new partner with deep pockets and a commitment to gaming, which could lead to new opportunities and growth.

Regulatory Approvals

The deal has received regulatory approvals from various authorities, including the US Federal Trade Commission (FTC) and the European Commission. The FTC approved the deal in March 2023, while the European Commission approved it in June 2023.

Timeline of the Deal

Here is a timeline of the deal:

• January 2022: Microsoft announces its intention to acquire Activision Blizzard for $68.7 billion.
• February 2022: The deal is reviewed by regulators, including the FTC and the European Commission.
• March 2023: The FTC approves the deal.
• June 2023: The European Commission approves the deal.
• October 12, 2023: The deal closes, and Activision Blizzard becomes a subsidiary of Microsoft.

Conclusion

In conclusion, the deal between Microsoft and Activision Blizzard is a significant one, with far-reaching implications for the gaming industry. While there are still many questions to be answered, it’s clear that the deal is a major coup for both companies, providing new opportunities and growth for both.