How Much Microsoft Paid for Blizzard, MSFT And ATVI Stock Prices
You’ve already heard the news, Microsoft announced on January 18 it plans to acquire Activision Blizzard, the company behind games like Call of Duty, Warcraft and Diablo – and many fans are wondering how much Microsoft paid for that deal, and how much are the MSFT and ATVI shares spiking.
This acquisition is by far the most shocking news in the game industry since 2022 started, with Microsoft now getting ahold of some of the biggest IPs in the world. Phil Spencer, CEO of Microsoft Gaming, shared his thoughts through an official blog post.
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How much money, exactly, did Microsoft pay for Blizzard?
The deal isn’t fully over yet and will be complete in 2023, but Microsoft plans to buy Activision Blizzard for $95.00 per share, in an all-cash transaction estimated at $68.7 billion, inclusive of Activision Blizzard’s net cash. This is according to the official press release from Microsoft, published once the deal was made public.
MSFT and ATVI stock prices as of the acquisition
Several gaming-related stocks have spiked after the news dropped, but MSFT (Microsoft) shares were trading at $305.63 as of January 18, 9:35 AM EST, which is actually 2% down today.
Meanwhile, the ATVI (Activision Blizzard) shares were trading at $84.90 as of January 18, 9:42 AM EST, up 29.83% today. We will only see the full repercussions of the deal on January 19 as the acquisition announcement was technically made at the online opening of Wall Street.
In 2020, Activision Blizzard earned $8.1 billion in revenue, while Microsoft was obviosuly much higher, at $143 billion. With that said, this is still a very huge deal for Microsoft and Xbox. It’s unlikely it will pursue further acquisitions anytime soon.