HomeEntertainmentIn mega-deal, Microsoft to buy video game Activision Blizzard for $68.7B

In mega-deal, Microsoft to buy video game Activision Blizzard for $68.7B

The merger of two major video game publishers will create an industry giant with unparalleled power.

If completed, this deal would bring together Microsoft and their Xbox game platform with Bethesda Softworks’ collection of popular video games including Call Of Duty, Tony Hawk’s Pro Skater series among others.

Microsoft is set to become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The deal will likely close when it gets regulatory approval in China but if that doesn’t happen then these competitors are already ahead of them!

In mega-deal, Microsoft to buy video game Activision Blizzard for $68.7B

The company is currently facing two separate investigations, one by the state of California and another conducted by federal authorities. They are accused of rampant sexual harassment involving alcohol-fueled parties as well male employees joke about rape; a female employee who died after colleagues shared her nude photo among others things which resulted in an unwanted reputation for advances toward women at the workplace known popularly as “The Cosby Suite.”

In October, CEO Bobby Kotick sent an email to employees saying that the company had made mistakes and they were sorry.

In October, CEO Bobby Kotick issued an apology for the company’s advertising campaign that inaccurately claimed they were producing a TV show with actress Gwyneth Paltrow when it was just commercials. The executive wrote:

“I want you all to know how embarrassed I am about this mistake and sincerely apologize,” he began before going on to explain why these mistakes happen sometimes in even high-quality productions.” “It is clear that in some vitally important aspects we did not meet the standards of our company. I am sorry for this oversight and want to personally apologize on behalf of Nvidia across all departments involved,” wrote CEO Jensen.”

After the acquisition is complete, Microsoft says that Kotick will continue to serve as CEO of Activision despite being a part-time worker for them. He and his team still have responsibility for driving efforts within company culture which include growth initiatives like accelerating business operations with help from Phil Spencer who currently holds this role at MS Gaming consoles/online services industry leader.

Microsoft and Activision have agreed to a deal that would see the mobile gaming giant acquire slot machines maker Mad Genius for $5 billion. The tech company says it will add Xbox Live services, like Game Pass which gives users access to games at no extra cost; if this closes out then gamers could soon be able to play Call Of Duty: Black Ops 3 on their phone too!

“With the release of Xbox One, we are committed to delivering world-class content for gamers and creators alike. We believe that this will be integral in creating a metaverse platform where players can explore their digital worlds without boundaries or limitations on what they think is possible.”

“In an industry where it feels like every day a new competitor is entering the market, I’m excited about working with Microsoft,” said III. “We have some of gaming’s most successful franchises and will continue to innovate in order bring those amazing experiences over from console games onto PC.”

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