Microsoft Closes $68.7B Activision Blizzard Acquisition, Phil Spencer Welcomes New Employees in Memo

Microsoft has completed its $68.7 billion acquisition of Activision Blizzard.

Xbox chief Phil Spencer welcomed Activision Blizzard King employees in an internal memo.

Bobby Kotick will remain CEO through 2023 to ensure a smooth transition.

Spencer will visit Activision, Blizzard, and King offices in the coming weeks.

Activision Blizzard employees can join the November 8th Xbox employee virtual all-hands meeting.