Bobby Kotick: Activision Expects Microsoft $69B Acquisition to Push Through by June 2023

While regulators are busy checking into Microsoft’s mega-deal of acquiring Activision-Blizzard, one person who doesn’t seem to be that worried is Activision CEO Bobby Kotick. In the company’s latest quarterly financials report, Kotick mentioned that they are expecting the $69 billion deal to be closed by current fiscal year ending June 2023.

Our games are the result of passion and excellence. This comes from an environment that fosters inspiration, creativity, and an unwavering commitment to develop and support our talent. Our employees’ dedication and teamwork are at the heart of an extraordinary workplace that enables the magic embodied in our games. We look forward to continuing to release epic entertainment in service of our global community of players as a part of Microsoft, one of the world’s most admired companies. We continue to expect that our transaction will close in Microsoft’s current fiscal year ending June 2023. – Bobby Kotick, Activision CEO

While the acquisition has been given the OK in Brazil, the same can’t be said in the UK, as the CMA (Competition and Markets Authority) has even resorted to asking the public’s opinion on whether the deal should push through. 

Kotick’s sentiment is the same with Microsoft CEO Satya Nadella who states that he’s “very sure” that the deal will go through. 

Once we know more details regarding the acquisition, we’ll let our readers know.

Source: SeekingAlpha (login required)

Related Reading:

• Microsoft Posts Full Response to CMA Phase 1 “Unwarranted Theories” Regarding Activision Acquisition
• Take-Two CEO Strauss Zelnick: Microsoft Acquiring Activision Is a “Good Thing for the Industry”
• Microsoft States Xbox Is “Last Place” in Consoles, and Seventh in PC as CMA Voices Monopoly Concerns

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