Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Activision Blizzard shares soared after the deal with Microsoft

January, 18 2022

Microsoft Corp announced today the purchase of the creator of the game «Call Of Duty» Activision Blizzard for $68.7 billion. This deal will be the largest in the sector and will make the Xbox manufacturer the third largest gaming company in the world in terms of revenue.


The value of Activision Blizzard shares will be $95 apiece. This price is 45% higher than the closing price on Friday. Analysts note that the company's securities jumped almost 38% to $65.39 before trading was suspended.


The deal is expected to close in fiscal year 2023 and after its closure, Microsoft will become the third largest gaming company in the world by revenue after Tencent and Sony. Along with the gaming franchises, Microsoft will receive the Major League Gaming esports league.


The current head of Bobby Kotick will remain as CEO of Activision Blizzard. After the deal closes, he will report to Microsoft Gaming CEO Phil Spencer.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter
App store google play

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.