The deal is the largest takeover in Microsoft’s history and signals a bet on the metaverse for Microsoft Gaming.
January 18, 2022 at 01:45 PM
10 minute read
The original version of this story was published on American Lawyer
Simpson Thacher & Bartlett represented Microsoft Gaming and Skadden, Arps, Slate, Meagher & Flom counseled Activision Blizzard on a $68.7 deal, the largest transaction of the year so far and the most expensive acquisition Microsoft has ever made.
Microsoft paid a fair premium on the buy, offering $95 per share, or 45% above Friday’s closing stock price for Activision Blizzard.
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Microsoft Flagship Store on Fifth Avenue in Manhattan. (Photo: The Art of Pics/Shutterstock.com)
