AssetID: 52901000
Headline: UNCAPTIONED: Microsoft's $69 Billion Takeover of Activision Blizzard Clears Major Hurdles
Caption: Microsoft's $69 Billion Takeover of Activision Blizzard Clears Major Hurdles On July 16, Microsoft announced a new deal with Sony to keep its popular 'Call of Duty' franchise on the PlayStation console after the acquisition of Activision Blizzard. NBC reports that Phil Spencer, the head of Microsoft's Xbox division, made the announcement via Twitter. "We look forward to a future where players globally have more choice to play their favorite games." Phil Spencer, Head of Microsoft's Xbox division, via NBC. Microsoft's high-profile $69 billion takeover of Activision Blizzard has resulted in a months-long confrontation with Sony. In an attempt to persuade global regulators, Microsoft has reached deals with Nintendo and major cloud gaming providers. Those deals revolve around Microsoft offering a license for Activision titles like the massively successful 'Call of Duty' series. NBC reports that Microsoft's freshly announced deal with Sony inches the company closer to completing the massive buyout. On July 14, federal regulators' bid to block the acquisition was rejected by a U.S. appeals court. "From Day One of this acquisition, we’ve been committed to addressing the concerns of regulators, platform and game developers, and consumers." Brad Smith, Microsoft President, via NBC. NBC reports that Microsoft has until July 18 to close the deal in order to avoid being hit with a $3 billion termination fee. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Gaming,Billion,Microsoft,Takeover,Activision Blizzard,Clears,Major,Hurdles,Call of Duty,Franchise,PlayStation,Acquisition,Announced,Sony,Popular
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