Microsoft to Buy Activision Blizzard for Nearly $70 Billion – The New York Times

In buying Activision Blizzard, the maker of Call of Duty, Microsoft will inherit hugely popular titles — and an employee revolt over accusations of sexual harassment. Credit…Benoit Tessier/Reuters

By Karen Weise, Andrew Ross Sorkin, Kellen Browning and Michael J. de la Merced

  • Jan. 18, 2022Updated 5:39 p.m. ET

SEATTLE — Microsoft plans to buy the powerhouse but troubled video game company Activision Blizzard for nearly $70 billion, its biggest deal ever and one that places a major bet that people will be spending more and more time in the digital world.

The blockbuster acquisition, announced on Tuesday, would catapult the company into a leading spot in the $175 billion gaming industry. Games on virtually every kind of device, from bulky consoles to smartphones, have gained even greater popularity during the pandemic. Technology companies are swarming around the industry, looking for a bigger share of attention and money from the world’s three billion gamers.

In an industry driven by big franchises, Activision makes some of the most popular titles, including Call of Duty and Candy Crush. Yet the company has been roiled in recent months by an employee revolt over accusations of sexual harassment and discrimination.

Microsoft framed the deal as strengthening the company’s hand in the so-called metaverse, the nascent world of virtual and augmented reality. The metaverse has attracted huge amounts of investment and talent, though so far is more of a buzzword than a thriving business. Facebook renamed its parent company to Meta late last year to underscore its commitment.

…(read more).

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