Here’s how the Microsoft-Activision deal stacks up against other mega acquisitions

By Chris MorrisFormer Contributing Writer
Chris MorrisFormer Contributing Writer

    Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

    Microsoft’s Monday announcement that it would be acquiring Activision Blizzard for $68.7 billion shocked investors on a number of levels.

    The deal between the two video game giants wasn’t on anyone’s radar, especially given Activision’s recent issues with harassment allegations and Microsoft’s declaration in November that it was “re-evaluating” its existing relationship with Activision. And it follows Microsoft’s 2020 purchase of Bethesda Softworks parent company Zenimax Studios for the then-surprising sum of $8.1 billion.

    How important is Activision Blizzard to Microsoft? One way to answer that question is to look at the price tag of the acquisition, and how it compares to those of other deals, both by Microsoft and other large companies.

    Microsoft acquisitions

    LinkedIn (2016) – $26.2 billion

    Mojang (creator of Minecraft, 2014) – $2.5 billion

    Skype (2011) – $8.5 billion

    Hotmail (1997) – $500 million

    Other notable acquisitions

    CVS buys Aetna (2018) – $69 billion

    Bayer buys Monsanto (2018) – $66 billion

    AT&T buys DirecTV (2016) – $49 billion

    T-Mobile buys Sprint (2020) – $37 billion

    InBev buys Anheuser-Busch (2008) – $52 billion

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