Microsoft have been on an acquisition blitz lately...and now they've made their biggest one yet!
Background: Microsoft have been on an acquisition blitz lately. There was LinkedIn ($36 billion), GitHub ($10.5 billion)...and now, they've made their biggest one yet: Activision Blizzard for $96 billion.
What happened: Activision Blizzard is an American video game company behind cult-faves like Call of Duty, Crash Bandicoot and even Guitar Hero.
What else: While they created some extremely successful games, things haven't been great culturally. The company's CEO stepped down after MANY investigations and sexual harassment allegations.
💡An acquisition is an opportunity for executives to create a cultural reset.
💡When companies are acquired, or merge together, it isn't just the balance sheets that change, or the HR teams that join forces. It's the culture, too.
💡Activision Blizzard had some pretty serious allegations of misconduct. In fact, only 39% of employees approved of the previous CEO, according to Glassdoor. On the other hand, Microsoft is relatively clean. So, being acquired by Microsoft may be the fresh start Activision - and its staff - needs.
Sign up for Flux and join 100,000 members of the Flux family
