Microsoft Closes $68.7 Billion Activision Blizzard Acquisition, Becomes 3rd Largest Gaming Company
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Microsoft has completed its $68.7 billion acquisition of Activision Blizzard after battling regulators in the US and UK.
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The deal makes Microsoft the third-largest gaming company by revenue behind Tencent and Sony.
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Activision Blizzard games like Call of Duty, World of Warcraft, and Diablo will be added to Xbox Game Pass.
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The acquisition adds over 9 new game studios and 8,500 employees to Microsoft's Xbox division.
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Activision Blizzard CEO Bobby Kotick will remain in place during the transition period until end of 2023.
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