50.7 F
Laguna Hills
Wednesday, Mar 19, 2025
-Advertisement-

Microsoft Completes Blizzard Deal

UK agrees to acquisition after concessions

Microsoft Corp. finalized its $69 billion purchase of Activision Blizzard, the largest-ever acquisition in the gaming market.

Activision Blizzard (Nasdaq: ATVI) is the parent company of Irvine-based Blizzard Entertainment, the largest software company in Orange County with 2,450 employees. Blizzard is the maker of fantasy role-playing game Diablo IV, which helped the Irvine unit for the first time ever to top $1 billion in quarterly sales earlier this year.

Today, the United Kingdom’s Competition and Markets Authority agreed to the acquisition after Microsoft made some concessions allowing competitors access to its cloud gaming market.

“The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers,” the regulatory agency said in a press release.

 

 

 

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-