Microsoft Enters Into Agreement To Acquire Activision Blizzard For US$68

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That’s roughly 9.1 Bethesdas.

Microsoft has taken another Western third party off the market in the largest video game acquisition ever.

The Redmond giant has entered into an agreement to purchase Activision Blizzard in a US$68.7bn deal, the largest all gaming acquisition in history. No closing date was given for the deal, and the current Activision Blizzard board including embattled CEO Bobby Kotick will remain on board until the closing of the deal, when Microsoft CEO Phil Spencer will become the head of the company.

Activision Blizzard was rocked by scandal through most of 2021 related to conduct of senior executives at the company ranging from sexual harassment to death threats, including multi-million dollar settlements with several state and federal regulating agencies. Currently, testers at Wisconsin-based Raven Studios are striking in protest of unfair termination of employees in December.

There were no Activision Blizzard games known to be in development for Switch, and none released since the remaster of Diablo II last September.

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