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Activision Blizzard is up for sale to Microsoft for $68.7 billion. Following the British Competition and Markets Authority, the European Union is now looking into the agreement.
US technology giant Microsoft has officially announced that it will buy Activision Blizzard, the producer of games such as “Call of Duty” and “World of Warcraft”.
In the statement, it was reported that Microsoft will buy Activision Blizzard for $ 68.7 billion for $ 95 per share.
The acquisition will make Microsoft the third-largest gaming company in the world, after Tencent and Sony.
Regarding its acquisition of Activision Blizzard, Microsoft is unwilling to make any accommodations to the European Commission’s regulatory authorities. The US-based business will still maintain a tight working relationship with the EU Commission, though.
The UK Competition and Markets Authority will investigate how Microsoft’s acquisition could hurt other companies if it restricts access to major games on other platforms.
On the other hand, Microsoft recently said that the Call of Duty series will remain on the PlayStation platform.
Microsoft wants to finish this acquisition by June 2023, but this will not be easy.