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Microsoft Finally Completes $69 Billion Activision Blizzard Acquisition

Microsoft Finally Completes $69 Billion Activision Blizzard Acquisition

Microsoft Oct. 13 announced it has formally closed its $69 billion acquisition of Santa Monica, Calif.-based video game publisher Activision Blizzard — after overcoming a year of regulatory challenges in the U.S. and U.K. that questioned the deal’s impact on competition in the gaming industry.

In Britain, the country’s regulatory agency, the Competition and Markets Authority, on Friday withdrew their objections after Microsoft agreed to allow Activision to license its budding cloud-based gaming to third-party competitors. In other countries, Microsoft agreed to license Activision’s key titles, including Call of Duty and World of Warcraft, to rivals such as Nintendo and Sony PlayStation.

“Today, we officially welcome Activision Blizzard and their teams to Xbox,” Phil Spencer, CEO of Microsoft Gaming, wrote in a blog post. “They are the publishers of some of the most played and most beloved franchises in gaming history across console, PC and mobile. From Pitfall to Call of DutyWorld of Warcraft to OverwatchCandy Crush Saga to Farm Heroes Saga, their studios have pushed the boundaries of gaming for players around the world.”

Spencer said Microsoft would continue to make more branded games available in more places by enabling third party cloud streaming providers and players to stream Activision Blizzard games in the European Economic Area, a commitment made earlier to the European Commission.

“Today we start the work to bring Activision, Blizzard, and King franchises to Game Pass and other platforms,” Spencer wrote. “We’ll share more about when you can expect to play in the coming months. We know you’re excited — and we are too.”

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