Microsoft “rescued sexual harassment game studio” for 1.6 million billion VND

The biggest deal in the history of the world game industry has just been activated by Microsoft.

The biggest deal in the history of the world game industry has just been activated by Microsoft. On January 19, 2022, Microsoft officially announced the successful acquisition of Activision Blizzard for 68.7 billion USD (~ 1.6 million billion VND). This is considered the largest merger ever in the gaming world and it also demonstrates Microsoft’s hegemony ambitions with this billion-dollar industry.

To acquire the father of Diablo and Call of Duty, Microsoft bought back a huge amount of Activision Blizzard shares at an average price of about $ 95 per share. This boosted Activision Blizzard’s stock by more than 25% in just a few days. This is considered the largest acquisition ever by Microsoft. Before that, the father of Windows bought LinkedIn in 2016 for $ 26.2 billion.

Activision Blizzard is known for a series of hit series such as Call of Duty, Tony Hawk’s Pro Skater, Diablo, Warcraft… However, in recent times, the company has encountered many problems from the operating world. A series of sexual harassment scandals were revealed, leading to a lot of turmoil at the top of the company. On Monday, a day before Microsoft announced the acquisition of Activision Blizzard, the company fired dozens of executives in almost all key departments.

Under the agreement, Activision’s current CEO Bobby Kotick, who has faced calls to step down because of cultural issues within the company, will remain in place during the transition. Microsoft said that Activision as a subsidiary of the corporation will be directly managed by Phil Spencer, the head of Xbox Game Studios. This implies that Bobby Kotick will soon step down and hand over the job once the transition is over.