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Microsoft to Acquire Gamemaker Activision

JAN 22 2022·Updated AUG 27

Story

Image credit: Wikimedia Commons

The Facts

Microsoft announced that it will pay almost $69 billion to acquire Activision, maker of the some of the world's most popular video games.
nytimes
Sexual harrassment and discrimination allegations have plagued Activision and its subsidiary Blizzard Entertainment, depressing the company's value and making it attractive to bidders.
nytimes
Microsoft explained the deal as part of an effort to grow in the "metaverse," the emerging world of virtual and augmented reality that has captured the imagination of tech giants like Meta (Facebook).
nytimes
The merger will be subject to the scrutiny of antitrust regulators in major markets including the U.S., the E.U., and China.
One America

Sources Split

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The Spin

Pro-establishment narrative

The merger--and others like it--will be a potential bonanza for hedge funds and other firms focused on event-driven and merger-arbitrage investment strategies.

One America

Establishment-critical narrative

This is more than twice as much money as recently pledged to fight poverty in the world's poorest countries. The rich world is investing in the well-funded entertainment industry while poor countries struggle with poverty, disease and climate change.