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Acquisition d'Activision Blizzard par Microsoft

AcquisitionCompletedSoftware (divertissement)États-Unis18 Jan 2022

Deals in this sector All deals

Buyer

Microsoft Corporation

États-Unis

Target

Activision Blizzard, Inc.

États-Unis

Deal value

60.66 bn EUR

announced enterprise value

Deal value: 60.66 bn EUR
VE/EBITDA: 18.5x
Stake acquired: 100%
Premium: 45.3%

Parties

Buyer

Microsoft Corporation

États-UnisMSFT

Target

Activision Blizzard, Inc.

États-UnisATVI

Seller

Public Shareholders

États-UnisATVI

Timeline

Announced: 18 Jan 2022
Expected closing: 18 Oct 2023
Effective closing: 13 Oct 2023
Status: Completed

Structure

Deal type: Acquisition
Stake acquired: 100%
Form of consideration: All-cash
Cash and stock split: 100% Cash / 0% Stock
Sector: Software (divertissement)
Sub-sector: Jeux Vidéo / Divertissement Numérique

Detailed valuation, multiples and strategic rationale

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Description

Acquisition historique par Microsoft du géant des jeux vidéo Activision Blizzard pour renforcer son catalogue Game Pass et son positionnement dans le cloud gaming et le mobile (King).

Other deals in Software (divertissement)

18 Jan 2022

Completed

Microsoft Corporation

États-Unis

Activision Blizzard, Inc.

États-Unis

Software (divertissement)Acquisition

Deal value: 60.34 bn EUR
VE/EBITDA: 19x
Stake: 100%

See the dealSeller: Public Shareholders

18 Jan 2022

Completed

Microsoft Corporation

États-Unis

Activision Blizzard, Inc.

États-Unis

Software (divertissement)Acquisition

Deal value: 55.01 bn EUR
VE/EBITDA: 17.2x
Stake: 100%

See the dealSeller: Public Shareholders

18 Jan 2022

Completed

Microsoft Corporation

États-Unis

Activision Blizzard, Inc.

États-Unis

Software (divertissement)Acquisition

Deal value: 54.65 bn EUR
VE/EBITDA: 17.8x
Stake: 100%

See the dealSeller: Public (Activision Blizzard Shareholders)

Source: party press releases, reference documents and deal notices. Verify with the parties for any critical use.