Microsoft closes acquisition of Activision Blizzard after lengthy regulatory review
Summary
Its Microsofts largest deal in its 48-year history and comes after the company quelled concerns about competition from U.K. and European regulators and gained a favorable ruling from a U.S. district judge. The deal gives Microsoft a hefty portfolio of video game franchises, including Call of Duty, Crash Bandicoot, Diablo, Overwatch, StarCraft, Tony Hawk Pro Skater and Warcraft. Microsoft CEO Satya Nadella, who took the helm in 2014, is aiming to diversify the companys business beyond its core areas such as operating systems and productivity software. Microsoft signed agreements with console rivals Nintendo and Sony, promising them access to Call of Duty games for 10 years. The FTC In July asked the San Francisco federal district court for a preliminary injunction to stop Microsoft and Activision from closing their deal before receiving full approval.
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