Microsoft Buys Iconic game developer Activision Blizzard for $68.7 Billion

Microsoft plans that as a result of the transaction they will become the third in the world in terms of revenue after companies such as Tencent and Sony.

Microsoft Buys Iconic game developer Activision Blizzard for $68.7 Billion
Microsoft buys the famous developer of computer video games Activision Blizzard for 68.7 billion dollars.

The American IT giant Microsoft has initiated the process of acquiring one of the world's largest game developers - Activision Blizzard Inc. It is reported that the transaction amount will be 68.7 billion dollars.

Microsoft plans that as a result of the transaction they will become the third in the world in terms of revenue after companies such as Tencent and Sony. The head of Activision Blizzard, Bobby Kotick, will remain in his post, no other possible personnel changes are reported.

"We welcome the incredible teams and legendary franchises of Activision Blizzard to Microsoft Gaming," reads the title of the official message on the company's website.

Activision Blizzard is the company that created such legendary computer games as World of Warcraft, Call of Duty, Diablo and Guitar Hero. The head of the company, Kotik, allegedly previously hid from the public the internal problems of the company, and as part of the pre-trial proceedings with them, Activision Blizzard paid 18 million. Its shares plummeted, and the outflow of players from World of Warcraft began. Now Microsoft will compete for dominance in the video game market with long-time competitor Sony.