After beating regulatory scrutiny, Microsoft is finally in the clear to close its $69 billion purchase of gaming giant Activision Blizzard. The Big Tech leader first put its bid in to acquire Activision in January 2022, with its biggest hurdle being UK regulators. After UK regulators approved a revised deal on Friday, Microsoft and Activision shared the news before the ink dried on the contract. The revised acquisition includes giving its rival, Ubisoft, purchasing control of streaming rights to Activision’s current and future console and PC games. The deal brings gaming franchises like Call of Duty, Overwatch, Tony Hawk’s Pro Skater, Halo, and Candy Crush Saga under Microsoft’s roof.
This very well may be the biggest merger in the gaming industry’s history, and it’s for sure the biggest deal Microsoft has pulled off. If I were Sony and PlayStation, I’d be gearing up for war, as Microsoft and Xbox are primed to take over the gaming space for some time.
Sidebar: The IRS reported that Microsoft owes $28.9 billion in back taxes, though the Big Tech company disputes the claim. The agency has been probing Microsoft’s profits, both nationally and internationally, specifically between 2004 and 2013. It is likely Microsoft will fight these fees in court.