Activision Blizzard: America’s video game developing company Activision Blizzard is the world’s largest game developers and publishing company. Activision Blizzard was formed in 2008 with the merger of Activision and Vivendi Games. In the Santa Monica based Activision Blizzard of California, USA, in which the world’s leading hedge fund manager George Soros is invested.
Microsoft is acquiring Activision Blizzard
The world’s largest IT company Microsoft is preparing to acquire Activision Blizzard. Recently, European Union regulators have given the green signal to the acquisition of Activision Blizzard for $ 69 billion. In fact, regulators were investigating whether Microsoft’s acquisition of Activision Blizzard would create a monopoly, hurting competition in the gaming market. Microsoft is betting big on the gaming industry through this acquisition. Microsoft is going to acquire Activision Blizzard for $ 69 billion at the rate of $ 95 per share in an all cash deal, for which approval is being taken from different regulators. Even after the acquisition of Microsoft, the current CEO Bobby Kotick will remain the CEO of the company.
Company has more than one game
Activision Blizzard has a number of successful game franchises in its portfolio, including Call of Duty, World of Warcraft, Skylanders, Candy Crush, Overwatch, and Diablo. ) is included. Activision Blizzard has several e-sports leagues, including the Overwatch League, and the Call of Duty League. Activision Blizzard also has a film and television division, Activision Blizzard Studios.
Gaming world’s most valuable company
Activision Blizzard is the world’s most valuable company in the video game industry. Bobby Kotick has been the CEO of the company since 2008. The company has a market value of $61.23 billion. 20 years ago, the market value of the company used to be only $1.62 billion. That is, in 20 years the market value of the company has jumped 38 times. Trading at $77.89 per share. The company’s revenue was $7.53 billion in 2022 and the company has 13,000 employees.
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