Microsoft has completed its $69bn (£56bn) acquisition of Activision Blizzard, the company that makes Call of Duty. This is the biggest deal in the history of the video game business.

The global deal was given the go-ahead by UK officials, which is good news for Microsoft, which makes the Xbox game console.

After blocking the first bid, the Competition and Markets Authority said that its worries had been taken care of.

Phil Spencer from Microsoft said that it was “incredible” to secure Activision.

After the deal was made public, Bobby Kotick, CEO of Activision Blizzard, told his staff in a letter that he would be leaving the company at the end of 2023.

“I have long said that I am fully committed to helping with the transition,” he told me. “[Phil Spencer and I] both look forward to working together on a smooth integration for our teams and players.”

Even though competitors like Sony, which makes the PlayStation, and government officials are worried about competition in the gaming industry, Mr. Spencer, who is the CEO of Microsoft Gaming, tried to comfort gamers.

If you play on Xbox, PlayStation, Nintendo, PC, or your phone, Mr. Spencer said in a statement after the takeover, “You are welcome here and will remain welcome, even if Xbox isn’t where you play your favorite franchise.”

“Because we all win when everyone plays.” We think that the news we shared today will open up a lot of new ways to play.