Microsoft Buys Activision Blizzard
The press release image of the purchase By now, you have heard the news that Microsoft bought Activision Blizzard. If not, read the full press release here that shook the world. The situation summarizes that Microsoft, the company behind the Xbox Series S and Xbox Series X did a buyout of Activision Blizzard for $95.00 a share, totaling $68.7 billion in an all-cash purchase, bringing their 10,000 employees into Microsoft. Activision Blizzard is one of the oldest gaming companies in the industry with a wealth of well-known franchises such as Warcraft , Diablo , Overwatch , Call of Duty , Crash Bandicoot , Tony Hawk Pro Skater , and Candy Crush . Microsoft can initiate this purchase because they are one of the most cash-rich companies on the planet, with over $130.6 billion in cash, cash equivalents, and short-term investments (Microsoft, 2021), thanks to the incredibly successful transition to software-as-a-service (SAAS) and the Azure cloud platform. They are a duopoly of enterprise c