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Posts tagged as “Acquisition”

Microsoft acquires Activision Blizzard for $68.7 billion

October 15, 2023

Microsoft has officially acquire Activision Blizzard for $68.7 billion, the deal has now been finalized after a lengthy regulatory review. The announcement was made by both company and published official statement on their respective website. Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming and will be part of Microsoft’s Xbox Team.

Activision Blizzard is one of the largest and most successful video game companies in the world. It is the publisher of popular franchises such as Call of Duty, World of Warcraft, Candy Crush, and Diablo. Microsoft is already a major player in the gaming industry with its Xbox console and Xbox Game Pass subscription service. However, the acquisition of Activision Blizzard gives Microsoft a significant boost in market share and makes it the third-largest gaming company in the world, behind Tencent and Sony.

When the deal was first announced, it faced regulatory pushback and was delayed due to concerns about competition in the cloud gaming market. To address these concerns, Microsoft made several concessions, including giving consumers in the European Economic Area free licenses to stream their Activision Blizzard games. Microsoft also signed agreements with console rivals Nintendo and Sony, promising them access to Call of Duty games for 10 years.

The UK’s Competition and Markets Authority (CMA) was the last regulator to approve the deal. The CMA stated that the concessions made by Microsoft were a “game-changer” that would allow for competitive prices and better services.

Microsoft Gaming CEO Phil Spencer and Activision Blizzard CEO Bobby Kotick, write a letter/email to announced the acquisition.

Salesforce to acquire Slack for $27.7 billion

December 2, 2020
Salesforce to acquire Slack for $27.7 billion

Salesforce, provider of cloud-based CRM, is acquiring Slack for $27.7 billion. The combined company of Salesforce and Slack will be able to better compete with Microsoft, Oracle and other companies in the cloud enterprise space.

In a press release, “Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020.”

“Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. “This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.”

“Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. The opportunity we see together is massive,” said Stewart Butterfield, Slack CEO and Co-Founder. “As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility. Personally, I believe this is the most strategic combination in the history of software, and I can’t wait to get going.”

You can read the full text of Salesforce press release here.

Disney acquires 21st Century Fox for $52.4 Billion in stock

December 15, 2017

Disney just acquired 21st Century Fox for $52.4 billion in stocks, the reported actual value the deal is approximately $66.1 billion. Once the transaction is close, shareholders of 21st Century Fox will receive 0.2745 Disney shares for each 21st Century Fox share they hold, this will give the Murdoch family trading control of 21st Century Fox for a 4.25% stake in Disney.

The deal is expected to complete in 12 to 18 months, once closed, Disney will acquire entertainment properties like the Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000, it also include movies like Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian, and its television creative units, Twentieth Century Fox Television, FX Productions and Fox21, which is the home of popular tv series The Americans, This Is Us, Modern Family, The Simpsons. Disney will also acquire FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox’s interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group.

Not included in the deal are Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network, these will spun off into a new company called “New Fox”. Disney will also inherit an approximately $13.7 billion of net debt of 21st Century Fox.

Once completed, the deal will bring X-men, Fantastic Four and Deadpool back into the fold of Marvel, also owned by Disney, and possibilities of Avengers, X-men, Fantastic Four and even Deadpool doing a movie together is very high.