Microsoft to Acquire Activision Blizzard

Microsoft to Acquire ZeniMax Media (Bethesda Softworks)

September 21, 2020

Media & Entertainment

Microsoft announced plans to acquire ZeniMax Media, the parent company of Bethesda Softworks, for $7.5 billion in cash. The deal brings an extensive portfolio of game franchises and multiple development studios (over 2,300 employees across the group) into Microsoft’s Xbox business and will add Bethesda’s future games to Xbox Game Pass.

Microsoft to Acquire Nuance Communications in $19.7 Billion All-Cash Deal

April 12, 2021

Healthcare Services

Microsoft announced it has entered into a definitive agreement to acquire Nuance Communications for $56.00 per share in an all-cash transaction valued at $19.7 billion, including Nuance’s net debt. Nuance’s CEO Mark Benjamin will remain in his role and report to Scott Guthrie within Microsoft, as the deal is intended to close by the end of the calendar year and is subject to shareholder and regulatory approvals.

Take-Two Interactive to Acquire Zynga

May 23, 2022

Software

Take-Two Interactive Software agreed to acquire all outstanding shares of Zynga in a cash-and-stock transaction valued at approximately $12.7 billion enterprise value. The deal provides Zynga stockholders $3.50 in cash and 0.0406 shares of Take-Two common stock for each Zynga share, and targets cost synergies and revenue opportunities from combining mobile and other interactive entertainment franchises.

Elon Musk’s Entity to Acquire Twitter for $44 Billion

April 25, 2022

Media & Entertainment

Elon Musk signed a deal to acquire Twitter in a transaction valued at approximately $44 billion. The offer is $54.20 per share in cash, with Twitter stockholders receiving cash for their shares; closing is expected in 2022 subject to stockholder and regulatory approvals and other customary conditions.

Netflix to Acquire Next Games for ~€65 Million

March 2, 2022

Media & Entertainment

Netflix entered into a combination agreement to acquire mobile game developer Next Games via a tender offer for all issued and outstanding shares. Next Games shareholders will receive €2.10 in cash per share, valuing the transaction’s equity at approximately €65 million, with the deal expected to close in Q2 2022 subject to customary conditions.

Sony Interactive Entertainment to Acquire Bungie for $3.6 Billion

January 31, 2022

Media & Entertainment

Sony Interactive Entertainment (SIE) has entered into definitive agreements to acquire Bungie for $3.6 billion. Bungie will continue operating independently as an independent subsidiary with its own board chaired by Pete Parsons and its existing management team.