According to the filings, Activision Blizzard has approximately 400 million monthly active players in 190 countries and three billion-dollar franchises. Consequently, "this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry" and Microsoft will "have 30 internal game development studios, along with additional publishing and eSports production capabilities. This deal is the largest deal Microsoft has had since it acquired LinkedIn in 2016 for $26.2 billion. Moreover, it comes two weeks after Take-Two Interactive announced it would be acquiring Zynga. The reverse triangular deal is expected to close in fiscal year 2023, pending customary closing conditions and regulatory approval; the deal has already been approved by both boards of directors. Upon consummation, the deal will be accretive to non-GAAP earnings per share. Microsoft's legal advisor is Simpson Thacher & Bartlett LLP and its financial advisor is Goldman Sachs & Co. LLC.