Activision Blizzard is now formally a part of Microsoft.
Inside hours of the UK Competitors and Markets Authority giving the long-debated acquisition a remaining inexperienced mild, Microsoft introduced as we speak that it has accomplished the deal, making Activision Blizzard an entirely owned subsidiary.
The deal was first introduced January 18 of 2022, however held up by regulatory hurdles within the UK, EU, and US.
Microsoft Gaming CEO Phil Spencer welcomed Activision Blizzard to the fold in an announcement on the Xbox Wire website.
“As one workforce, we’ll be taught, innovate, and proceed to ship on our promise to carry the enjoyment and neighborhood of gaming to extra individuals,” Spencer mentioned. “We’ll do that in a tradition that strives to empower everybody to do their greatest work, the place all individuals are welcome, and is centered on our ongoing dedication of Gaming for Everybody.
“We’re intentional about inclusion in all the things we do at Xbox – from our workforce to the merchandise we make and the tales we inform, to the best way our gamers work together and interact as a wider gaming neighborhood.”
He added, “In the present day we begin the work to carry beloved Activision, Blizzard, and King franchises to Recreation Move and different platforms.”
In a letter to staff, Activision Blizzard CEO Bobby Kotick advised that the deal will carry his time with the corporate to a detailed within the close to future.
“I’ve lengthy mentioned that I’m totally dedicated to serving to with the transition,” Kotick mentioned. “Phil has requested me to remain on as CEO of ABK, reporting to him, and now we have agreed that I’ll try this by means of the top of 2023. We each sit up for working collectively on a clean integration for our groups and gamers.”
Ubisoft additionally weighed in on the deal, as Microsoft unloading cloud streaming rights to Activision Blizzard’s video games to the writer was the foremost concession that prompted the CMA to withdraw its objections to the deal.
“We’re excited to share that Ubisoft has now obtained the perpetual cloud streaming rights for Name of Responsibility and all different Activision Blizzard titles releasing over the following 15 years,” Ubisoft mentioned. “Ubisoft is a long-standing believer within the energy of cloud gaming and these streaming rights will allow us to ship much more experiences to gamers in additional locations than ever earlier than.
“Now that the deal is full, we are able to start engaged on the operational facets of bringing these video games to Ubisoft+, our subscription provide.”
For extra on the deal, learn by means of our intensive recap of the 21-month merger course of and our personal Chris Dring’s editorial on what occurs now.