Microsoft is buying one of the biggest names in games

Recode Daily

Recode

Science, Technology, Society & Culture

4.6 • 1.3K Ratings

🗓️ 20 January 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Microsoft is buying Activision Blizzard, one of the biggest names in games — if Washington lets it. Read Peter Kafka’s story: https://www.vox.com/recode/2022/1/18/22889342/microsoft-activision-antitrust-games-streaming-gamepass Today’s episode was produced by Taylor Maycan, engineered by Melissa Pons (Hemlock Creek Productions) and hosted by Rani Molla. Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:38.2	It's Rico Daily, I'm Ronnie Mola, and this week the world of gaming got some huge
0:42.4	news. Peter Kafka, Rico'd, tell us what happened.
0:48.2	Microsoft company have heard of his bot Activision Blizzard, which if you play
0:54.2	video games you have also heard of because there are people behind Call of Duty.
1:02.2	World of Warcraft.
1:10.2	And candy crush. Delicious. You don't play any of those games that's okay.
1:15.2	No, do they make wordle? No, that's a free game. No one makes money from that.
1:19.2	But Microsoft is paying $69 billion for that.
1:25.2	Microsoft's going to be acquiring Activision Blizzard for $95 to share this
1:32.2	says in an all cash transaction that's valued at $68.7 billion.
1:36.2	So that's a big premium, guys. That's a premium of about 45%.
1:40.2	This is a stock that closed at $65.39 on Friday, a company at that point with a
1:46.2	market cap of just over $50 billion, almost $51 billion.
1:50.2	This is a big deal, very big deal.
1:53.2	That's roughly what Disney paid to buy a lot of Fox a few years ago to give you a
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