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Microsoft Now Owns Activision Blizzard: What It Means for Your Favorite Games. Overwatch, Call of Duty and World of Warcraft are now all owned by Microsoft. Here's how the change could affect the PC, console and mobile games you love.

In the simplest terms, Microsoft now owns the rights to a lot of really big, really profitable IPs like Call of Duty from the Activision fold, Diablo and Overwatch from Blizzard, and Activision's mobile publisher King Games.