Activision-Blizzard was the worst performing gaming companies during COVID so it stands to reason that this would be the best gaming developer considering how well Bungie did as an acquisition for Halo and the acquisition of mojang.
There is so much IP that is tied up with Activision-Blizzard that it seems like a good deal.
Bethesda/Zenimax massive $8B acquisition hasn’t appeared to have any issues yet though it is very new. Decent chance this acquisition doesn’t happen, but it does mean Microsoft can go after another 1-2 medium sized gaming companies with success.
There is so much IP that is tied up with Activision-Blizzard that it seems like a good deal.