The day started with excellent news for Ubisoft, as it announced an important agreement with Microsoft to manage the cloud gaming rights of Activision Blizzard titles. This will become a reality once Microsoft receives authorization to finally complete the purchase.
The news had an immediate impact on the stock market and Ubisoft's shares, as their value skyrocketed once Microsoft and the UK Competition and Markets Authority (CMA) issued their respective statements on the matter.
Ubisoft benefits from Activision Blizzard's purchase by Microsoft
According to details, Ubisoft shares increased in value by 6.6% this morning, which is undoubtedly great news for investors and the Guillemot family, owners of the company. The developer will benefit, as it will be able to power its Ubisoft+ service with Activision Blizzard games in the cloud area.
Thanks to the agreement, gamers with a Ubisoft+ Multi Access subscription will be able to stream Ubisoft and Activision Blizzard titles on multiple platforms. Specifically, it will be possible to enjoy the catalog on Xbox, PlayStation, PC and even on Amazon Luna.
Ubisoft celebrated the agreement and stated that it will serve to give gamers access to a larger library of games via the cloud and on the platform of their choice. It also stated that it will reveal how and when Activision Blizzard titles will be added to Ubisoft+ in the future.
“Over the past 15 years we’ve built and honed our online services and distribution ecosystem into one of the most complete in the industry. Today’s deal gives players even more opportunities to access and enjoy some of the biggest brands in gaming,” said the study.
The Ubisoft+ lineup is expanding!
— Ubisoft (@Ubisoft) August 22, 2023
We're excited to announce a new agreement that will bring Activision Blizzard games to Ubisoft+ via streaming upon the completion of Microsoft’s acquisition of Activision Blizzard!
We’ll also be licensing the games to a range of cloud streaming… pic.twitter.com/sZTnEFJedC
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