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Microsoft sets records with Activision Blizzard

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Miguel A. Rodriguez
Miguel A. Rodriguez
19 January 2022
Microsoft recorded its largest ever acquisition - $68.7 billion

Activision Blizzard, known for Call of Duty, World of Warcraft, and Diablo, will make Microsoft the "third-largest gaming company by revenue, behind Tencent and Sony."

Microsoft expects the deal to close in fiscal 2023, as it still must receive approval from Activision's shareholders and regulators, given that the latter operates in several markets. Many of Activision's games will be added to Xbox Game Pass and PC Game Pass upon the deal. Currently, Xbox Game Pass has 25 million subscribers.

Following the news, Sony stock price plunged 13% during Tokyo trading hours. Its NYSE-listed shares traded 5% lower in pre-market. Sony's PlayStation leads Microsoft's Xbox in the gaming sector for consoles. According to experts, any attempt by Microsoft to remove titles from Sony's system will be a complex process and could invite charges of being anti-competitive.

While Sony's shares plummeted, Activision's stock price closed almost 26% higher at $82.31.

Sources: cnbc.com, theverge.com

This information/research prepared by Andreas Thalassinos does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.