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

  • 📰 aldotcom
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Alabama Business News

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Activision Boss Bobby Kotick Leaving After 2023 Following AcquisitionActivision's CEO, Bobby Kotick, will stick around until the end of 2023.
Source: ComicBook - 🏆 65. / 68 Read more »

Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory reviewNineteen months after agreeing to the company's largest purchase ever, Microsoft has closed its acquisition of Activision Blizzard
Source: CNBC - 🏆 12. / 72 Read more »

Microsoft finally closes its $69 billion Activision Blizzard acquisitionDT Video
Source: DigitalTrends - 🏆 95. / 65 Read more »