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Microsoft bought Activision Blizzard for 600 billion

Microsoft bought Activision Blizzard for 600 billion

Activision Blizzard stock jumped during trading on Wall Street. Microsoft plans to buy the company for $68.7 billion, just over 600 billion Swedish kronor.

Among other things, they are behind the success of the computer game “Call of Duty”.

The scandal-ridden company has fired or forced more than 36 employees to be fired and has taken disciplinary action against about 40 employees since July.

The employees have been demonstrating for several weeks, and about a hundred of them have demanded the CEO’s resignation.

An employee is said, among other things, to have been raped on several occasions by one of her managers in connection with various parties in the company, something which, among other things, was reportedly silenced by CEO Bobby Kotik.

Regarding the deal, it is now reported that Kotick will continue in her role as CEO.

Misconduct alert reports

The company will also receive more than 700 reports of misconduct, Bloomberg News reported. An Activision Blizzard representative confirms the information about the number of those who were allowed to leave the company, but denies the information about the number of reports.

The deal, if completed, would make Microsoft the third largest gaming company in the world in terms of sales – after the Chinese Tencent and Sony.

The news sent the games company’s 37 percent stake into trading on Wall Street and brought with it other competitors, including Electronic Arts with 6.1 percent and France’s Ubisoft with 11 percent. Sweden’s Embracer also rose sharply initially and is now 0.5% higher.

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Microsoft, in turn, backs slightly, less than 1.7 percent.

Activision Blizzard is known for its “World of Warcraft”, “Overwatch” and “Call of Duty” games among others.

Read more: Dozens of employees were fired after the scandal
Read more: More than 100 employees protest – against the CEO

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