Portal The Edge released Text of emails to employees of Microsoft CEO Satya Nadella and CEO of the company’s gaming division Phil Spencer announcing plans to acquire Activision Blizzard.
“Team, I’m pleased to announce this morning that we announced an agreement to acquire Activision Blizzard for $68.7 billion in cash. Activision Blizzard is one of the largest game publishers in the world for consoles, PC and mobile with 400 million monthly active players and home to iconic games like Call of Duty, Candy Crush, World of Warcraft and Diablo.
Gaming has been a core element of Microsoft since the company was founded. Today it is the largest and fastest growing form of entertainment, and as the digital and physical worlds converge, it will play a critical role in the evolution of the Metaverse platforms.
Together with Activision Blizzard, we believe we have an incredible opportunity to bring the joy and community of gaming to everyone on this planet. And we will invest and innovate to create the best content, community and cloud for gamers. We want to make it easy for people to connect and play together where, when and how they want.
This agreement is a testament to the impact our gaming teams have had. And I deeply appreciate their hard work and dedication. In recent years we have expanded our content creation processes to become a leader in gaming subscriptions and cloud gaming. And this holiday was especially nice to see the response from the fans and to read the great reviews of the games from our internal studios.
As of today, Phil Spencer is the CEO of Microsoft’s gaming business. Once the deal closes, Activision Blizzard will be held accountable to Phil. We look forward to taking our new colleagues at Activision Blizzard with us on our journey to a more diverse and inclusive culture, ensuring that all of our employees are doing what they love in a safe and welcoming environment that empowers everyone to be their best admit.
At 6:00 am PT, Activision Blizzard CEO Phil, Amy and Bobby Kotick, and I will host an investor webcast to share more details about our game plans. Please join if you can”Nadella wrote.
“Greetings everyone after the holidays. First, I would like to thank everyone for the hard work and dedication that went into building this company and this community. Of course, today’s agreement to acquire Activision Blizzard is incredibly exciting. In addition, this is a real milestone for our company, our business and our industry. I and the entire management team are very enthusiastic about this opportunity. We also announced today that we’ve reached 25 million Game Pass subscribers across console, PC and cloud – a huge achievement for the entire Xbox team.
As players and partners, we all knew how talented and dedicated the teams and studios at Activision Blizzard are. The company’s legendary games and franchises have delighted millions of people for decades. Together we can accelerate our mission to bring the joy and community of gaming to everyone. We have the power and ability to simply create the best, most engaging, and most entertaining ecosystem around.
Microsoft continues to strive for inclusion in all aspects of gaming, both among employees and players. We value each studio’s internal culture very much. We also believe that creative success and autonomy are inseparable from treating everyone with dignity and respect. All of our teams and leaders live up to these commitments. We look forward to extending our culture of engagement to the amazing teams at Activision Blizzard.
We expect the transaction to close in fiscal 2023, subject to regulatory approvals. Once the acquisition is complete, Activision Blizzard will report back to me. In the meantime, we know you have many questions. Gaming Leadership and I can’t wait to answer as many of these as possible on January 26th in the next Gaming Monthly Update. You can leave your questions anonymously or post them to Team Xbox’s Yammer. Also, please update our Corporate Social Media Policy.
As Sathya mentioned, I’m now the CEO of Microsoft’s gaming business. This change reflects the incredible work each and every one of you has done to create a better ecosystem everywhere. As the management team, we know how much exciting but hard work lies ahead, so acting as a single, unified team is crucial. As such, I am pleased to announce that starting today, Jerret West, Director of Gaming Marketing, will report directly to me in place of Chris Capossela. Jerret will remain a member of Chris’ leadership team and continue to leverage Microsoft’s advertising capabilities, including communications, media and consumer sales.
At 6:00 am PT we will host a webcast for investors and the media to discuss the Activision Blizzard acquisition and our plans as a Microsoft gaming company. Please join if you can”, Spencer finished his speech.
Through the Activision Blizzard deal, Microsoft will acquire a number of key IPs, including Tony Hawk’s, Overwatch, Spyro, Crash Bandicoot, StarCraft, and others. Bloomberg sources say only a few Activision Blizzard franchises will become exclusive to Xbox as a result of the deal – some will remain on PlayStation.