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Who Owns Activision Blizzard After Microsoft’s Acquisition?

Microsoft owns Activision Blizzard through a wholly owned subsidiary. Here’s when the deal closed and why its reported purchase price differs from the earlier agreement figure.
Length1 min Posted Quest giverVGSources Team
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Microsoft owns Activision Blizzard. The deal closed on October 13, 2023, and Activision Blizzard survived the merger as a wholly owned Microsoft subsidiary—not as an independent publicly traded company.

Who owns Activision Blizzard now?

Microsoft is the parent company. In an October 16, 2023 announcement, Microsoft and Activision Blizzard described the legal structure as “Activision Blizzard surviving the Merger as a wholly owned subsidiary of Microsoft.” Microsoft’s October 27 announcement likewise called it a wholly owned subsidiary.

That means Microsoft owns the company outright through its subsidiary structure. Activision Blizzard is not a separate, independent public company after the merger.

When did Microsoft complete the acquisition?

Microsoft says the acquisition closed on October 13, 2023. Its 2025 annual report says Activision Blizzard’s financial results have been consolidated into Microsoft’s results since the acquisition date.

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How much did Microsoft pay?

The figures vary because they refer to different stages and accounting contexts. Microsoft’s 2025 annual report reports a completed-acquisition total purchase price of $75.4 billion, consisting primarily of cash. The earlier $68.7 billion figure includes Activision Blizzard’s net cash and describes the announced agreement, not the later reported total purchase price.

Figure What it describes Source
$95 per share; $68.7 billion inclusive of net cash The definitive agreement announced January 18, 2022 Microsoft 2023 Annual Report
$75.4 billion, primarily cash The total purchase price reported for the completed acquisition Microsoft 2025 Annual Report

These are not interchangeable valuations: one is the agreement-stage per-share price and value inclusive of net cash; the other is Microsoft’s later reported total purchase price for the completed acquisition.

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How does Activision Blizzard fit into Microsoft?

Microsoft reports Activision Blizzard within its More Personal Computing segment and consolidates the company’s financial results. The subsidiary relationship is the clearest way to describe the ownership: Microsoft is the parent, and Activision Blizzard remains a wholly owned subsidiary.

Microsoft’s Acquisition History lists the transaction, while its annual reports provide the closing and financial-reporting details.

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