Microsoft finally closes its $69 billion Activision Blizzard acquisition

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It’s done: Microsoft completed its acquisition of Activision Blizzard. The $69 billion dollar means that some of gaming’s biggest franchises, including Call of Duty, are now Xbox properties.

First announced in January 2022, the blockbuster deal has faced tons of scrutiny from regulators like the CMA and FTC, with there being worry that it’d be unfair for competition in various parts of the game industry. Ultimately, Microsoft proved that wasn’t the case, defeating the FTC in court and finally getting the CMA to retract its objection in the deal earlier today.

Recommended Videos After stock market trading closed for Activision Blizzard yesterday, it was suspected that the deal closing was imminent. Microsoft confirmed this Friday morning. A video celebrating the deal was posted on Xbox’s YouTube channel, while an Xbox Wire post went into a bit more detail about what’s next from both Xbox and Activision Blizzard.

In it, Head of Xbox Phil Spencer explains, “As one team, we’ll learn, innovate, and continue to deliver on our promise to bring the joy and community of gaming to more people. While Activision Blizzard had dealt with rampant workplace harassment in the past, Spencer says he wants to establish “a culture that strives to empower everyone to do their best work, where all people are welcome, and is centered on our ongoing commitment of Gaming for Everyone.

Related Activision Blizzard CEO Bobby Kotick will remain in his position through the end of 2023, reporting to Phil Spencer. It’s unclear if he’ll continue to work with the company after that. The first Activision Blizzard game that will launch under Microsoft is Call of Duty: Modern Warfare III, which comes to PC, PS4, PS5, Xbox One, and Xbox Series X/S on November 10.

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