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HomeTechnologyAfter a Thorough Regulatory Assessment, Microsoft Completes the Acquisition of Activision Blizzard

After a Thorough Regulatory Assessment, Microsoft Completes the Acquisition of Activision Blizzard

According to a regulatory filing made by the business on Friday, Microsoft has completed the acquisition of video game producer Activision Blizzard. It’s the biggest deal Microsoft has ever made in its 48-year existence, and it comes after the business allayed competition-related worries raised by U.K. and European authorities and won the support of a U.S. district court.

The deal was approved early on Friday by the U.K.’s Competition and Markets Authority, paving the path for the closing.

As a result of the agreement, Microsoft now owns a sizable portfolio of video game titles, including Warcraft, Call of Duty, Crash Bandicoot, Diablo, Overwatch, StarCraft, and Tony Hawk Pro Skater. A modest portion of Microsoft’s $212 billion in revenues, the game developer’s most recent fiscal year saw $7.5 billion in revenue.

Satya Nadella, the CEO of Microsoft since 2014, wants to expand the company’s operations outside of its traditional markets, such as operating systems and productivity software. Both a rival and a partner of Microsoft is Activision. One of the few big firms that produces games that can cost hundreds of millions of dollars to make is this one.

Source (CNBC)

SourceCNBC
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