Microsoft Set to Acquire Activision Blizzard in Blockbuster Deal
Hey there, fellow gamers! We’ve got some exciting news for you. Brace yourselves because Microsoft is on the verge of closing a massive $68.7 billion deal to acquire none other than Activision Blizzard. That’s right, two gaming giants joining forces to take the industry by storm.
According to a reliable source familiar with Microsoft’s plans, the deal is expected to be sealed on Friday, October 13. But hold on, there’s a catch. The approval of the UK’s Competition and Markets Authority (CMA) is still pending, as they previously blocked the closure of the deal. To address this concern, Microsoft made a strategic move by transferring its cloud streaming rights for “all current and future” Activision Blizzard games to Ubisoft for a whopping 15-year term. Talk about playing the long game!
The review process from the CMA expired just yesterday, and we’re eagerly awaiting their decision, which is expected to be announced next week. Both Activision Blizzard and Microsoft have also signed a 90-day extension agreement to ensure the deal’s completion, with the agreement set to expire on October 18. It’s like waiting for a highly anticipated game release, isn’t it? The anticipation is real!
FTC Raises Concerns, but Microsoft Remains Unfazed
Now, let’s talk about a little hurdle Microsoft faced earlier this week. The Federal Trade Commission (FTC) has renewed its fight to stop the deal from going through. In fact, they even issued an administrative complaint, claiming that the acquisition would give Microsoft the power to suppress competitors to its beloved Xbox gaming consoles and its subscription and cloud-gaming business. But Microsoft isn’t one to back down easily.
Despite the FTC’s efforts, a federal judge denied their preliminary injunction against Microsoft’s acquisition of Activision Blizzard before a crucial July 18 deadline. It seems like Microsoft’s gaming prowess and determination to level up in the industry have won the day. They’re ready to take on any challenge that comes their way, just like a skilled gamer facing a tough boss battle.
A Power Move Born from a Vision
Let’s rewind a bit and revisit the origins of this groundbreaking deal. Back in January 2022, Microsoft made its intentions clear: they aimed to acquire Activision Blizzard. And now, after months of negotiation and overcoming obstacles, they’re on the cusp of making it a reality. It’s a testament to their vision and commitment to providing gamers with unforgettable experiences.
This move by Microsoft holds tremendous potential for the gaming community. With Activision Blizzard’s impressive portfolio of beloved franchises like Call of Duty, World of Warcraft, and Candy Crush, combined with Microsoft’s resources and expertise, we can expect epic adventures, innovative gameplay, and unforgettable moments for years to come.
Conclusion: A New Era Beckons
Gamers, get ready for a new era in gaming! The Microsoft-Activision Blizzard deal is on the verge of being sealed, and the possibilities are endless. This partnership has the potential to reshape the gaming landscape and bring forth even more immersive and captivating experiences.
As gamers, we understand the power of collaboration, teamwork, and facing challenges head-on. Just like in our favorite games, this deal represents an opportunity for Microsoft and Activision Blizzard to combine their strengths and create something truly extraordinary. So, gear up, level up, and get ready to embark on an incredible journey that will redefine the gaming industry!
Sources:
– The Verge: [Link](https://www.theverge.com/2022/10/6/23391316/microsoft-activision-blizzard-acquisition-close-next-week)
– FTC Legal Library: [Link](https://www.ftc.gov/legal-library/browse/cases-proceedings/2210077-microsoftactivision-blizzard-matter)