This gives Microsoft ownership Microsofts $69 million Activision buyout is facing increased scrutiny from regulators. Activision Blizzard has released its third quarter financial results for the year of 2022, announcing stronger-than-expected earnings and reaffirming that the Microsoft merger is The European Commission on Tuesday opened an in-depth investigation into Microsoft's proposed $68.7 billion Activision Blizzard acquisition. Activision and Microsoft's gaming revenue last year accounted for just 13.9% of total global video game spending ($16.28 + $8.8 billion vs. $180.3 billion). Gaming for everyone, everywhere: our view on the Activision Blizzard acquisition Microsoft filed the Activision Blizzard deal with the European Commission last week. The deal has to be approved by numerous regulatory authorities across Microsoft filed the Activision Blizzard deal with the European Commission last week. On January 18, 2022, Microsoft announced plans to acquire Activision Blizzard for $95.00 per share in an all-cash transaction. The European Union has launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, fearing the $69-billion deal would distort fair November 8, 2022, 8:34 AM BRUSSELS -- The European Union has launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, Oct 5, 2022. #946. Microsoft gaming CEO Phil Spencer has publicly said that the company plans to continue releasing Activisions popular Call of Duty series on PlayStation, as well as Under the terms of the agreement, which would be expected to close by mid-2023 pending regulatory and shareholder approval, Microsoft would own Activision, Blizzard Entertainment, and King under the Xbox Game Studios brand. Upon close, we will offer as many Activision Blizzard games as we Microsoft is currently working to acquire Activision Blizzard in a deal worth almost $69 billion. Back in January 2022, Microsoft announced a deal to acquire Activision Blizzard for $68.7 billion. PS Plus Premium is Losing 2 Classic Open World Games This Month. Regulators in the EU What you need to know Back in January 2022, Microsoft announced a deal to acquire Activision Blizzard for $68.7 billion. What you need to know. EU to probe blockbuster Microsoft-Activision Blizzard deal. Published Oct 05, 2022 Microsoft's latest marketing endeavor explains what the various upsides of its acquisition of Activision Blizzard would be, promising improvements. By MATT O'BRIEN and RAF CASERT yesterday BRUSSELS (AP) The European Union has launched an investigation into Microsofts planned takeover of video game giant Blizzard The future of Microsofts $70 billion deal to acquire Activision could rest with the UKs Competition and Markets Authority, which has signaled its opposition, seemingly We want to enable world-class content to Sep 1, 2022 | Phil Spencer - CEO, Microsoft Gaming. Source: Activision Blizzard. Subject to customary closing conditions and the Infinity Ward The European Commission on Tuesday opened The Activision Blizzard Booth during the Electronic Entertainment Expo in Los Angeles, June 13, 2013. Today, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc. (Nasdaq: ATVI), a leader in game development and interactive entertainment Microsoft announced its plan to acquire Activision for nearly $69 billion back in January, making it the largest deal in the history of the video games business. Under the terms of the agreement, which would be expected to close by mid-2023 pending regulatory and shareholder approval, Microsoft would own Activision, Blizzard Entertainment, and King under the Xbox Game Studios brand. MORE:Microsoft's Activision Blizzard Purchase May Have Given It a Perfect New Developer For Halo. Our large investment to acquire Activision-Blizzard further strengthens our resolve to remove this friction on behalf of creators and gamers alike. It may turn out to be a "In this regard, it is important to note that Phil Spencer, the executive who heads the games division at Microsoft, has already publicly stated that he intends to honor the commitments made by Activision Blizzard with Sony, and even keep the launches of Call of Duty and other titles on the market. Gaming for everyone, everywhere: our view on the Activision Blizzard acquisition When Activision Blizzard This follows last month's informal probe. The European Union has on Tuesday, Nov. 8, 2022 launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, fearing the $69 billion deal would distort fair competition in the market. Despite much of the attention surrounding the acquisition centering on Call of Duty, Microsoft has admitted it mainly wants Activision Blizzard for PC and mobile gaming. A report earlier this year shows that a significant portion of Activision Blizzard's money came from King-the maker of Candy Crush and Farm Heroes. Wall Street barely reacted to Activision Blizzards ATVI 1.20% third-quarter results on Monday because investors are much more focused its deal to be acquired by Microsoft Microsoft CEO Satya Nadella is still confident that the companys acquisition of Activision Blizzard will be approved, and said, "if this is about competition, let us have competition. The European Commission has reportedly probed rival gaming companies on Microsoft's proposed $68.7 billion acquisition of Activision Blizzard as it scrutinizes the deal. The latest financial reports for Activision Blizzard are out, as CEO Bobby Kotick reports the Microsoft merger is expected to finalize by June 2023. Microsoft, which sells the Xbox line of video game consoles, announced its plans to acquire Activision Blizzard in January. So far, regulators in Saudi Arabia and Brazil have greenlit the deal. The U.S. Federal Trade Commission and the U.K.'s Competition and Markets Authority (CMA) have yet to issue a decision. Following this, Microsoft would own Activision, Blizzard Entertainment and King. Microsoft would thus control some key franchises such as Candy Crush, Warcraft, Call of Duty, On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion in cash. Microsoft agreed to buy Activision Blizzard earlier this year in an all-cash deal valued at roughly $75 billion amid a flurry of deal-making in the gaming industry. A provisional deadline of November 8 was set by the regulators to either approve the The deal is currently undergoing regulatory On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion in cash. Microsoft CEO Satya Nadella is still confident that the companys acquisition of Activision Blizzard will be approved, and said, "if this is about competition, let us have Microsoft, which sells the Xbox line of video game consoles, announced its plans to acquire Activision Blizzard in January. Once the deal is complete, the Activision Blizzard business will report to me as CEO, Microsoft Gaming. The EU highlighted Call of Duty's wide availability as a major factor in keeping the video game market competitive. The European Commission has opened what it calls an in-depth investigation into Microsofts proposed $68.7 billion acquisition of Activision Blizzard. An Activision Blizzard worker tests a version of the Call of Duty video game. The European Union has launched an investigation into Microsofts planned takeover of video game giant Activision Blizzard, fearing the $69-billion deal would distort fair competition to popular titles like Call of Duty. This gives Microsoft ownership of franchises such as Cal Despite much of the attention surrounding the acquisition centering on Call of Duty, Microsoft has admitted it mainly wants Activision Blizzard for PC and mobile gaming. The acquisition values Activision at roughly $69 billion and places a 45% premium on the gaming company's price after the announcement was made. Sep 1, 2022 | Phil Spencer - CEO, Microsoft Gaming. 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