Did Microsoft Waste $69 Billion on Activision Blizzard?
After nearly two years of regulatory proceedings, (NASDAQ: MSFT) finally completed the acquisition of leading game producer Activision Blizzard. The U.K. Competition and Markets Authority was the final holdout, but it granted approval of the deal in October.
The $68.7 billion acquisition is one of the largest in Microsoft's history. In exchange, the Xbox business gains an infusion of $8.7 billion in revenue from best-selling titles, including Call of Duty, Diablo, Overwatch, and World of Warcraft, in addition to some valuable mobile franchises, such as King's Candy Crush.
However, Microsoft didn't get everything it wanted. To get approval, it had to make some compromises. In July, Microsoft agreed to make one of the all-time best-selling franchises, Call of Duty, available to Sony and Nintendo's game consoles for 10 years.
Source Fool.com
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