Activision Blizzard CEO Bobby Kotick staying until 2024 after Microsoft’s $69 billion acquisition

An image from Activision's Call of Duty is shown on a smartphone near a photograph of the Microsoft logo in this photo taken in New York, June 15, 2023. Microsoft has completed its acquisition of video game-maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry.

Microsoft has long defended the deal as good for gaming, saying its goal was to get Activision games to more people on more platforms rather than trying to deprive those games from console-makers such as Sony and Nintendo. “The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for U.K. cloud gaming customers,” the watchdog said.

But the regulator still criticized how the deal came together and warned other companies not to use the “tactics employed by Microsoft” to “insist on a package of measures that we told them simply wouldn’t work.”

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