Who Owns Blizzard Entertainment?
Updated onExplore the ownership hierarchy of Blizzard Entertainment. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Blizzard Entertainment
Blizzard Entertainment is an American video game developer and publisher best known for franchises such as Warcraft, Diablo, StarCraft, Overwatch, and World of Warcraft.
Activision Blizzard is a major American video game publisher and developer—home to franchises such as Call of Duty, Warcraft, Diablo, Overwatch and Candy Crush—and (as of October 13, 2023) operates under Microsoft Gaming.
Microsoft
Microsoft Corporation is a multinational technology company that develops, licenses, and supports software, services, devices, and cloud-based platforms for consumers and enterprises.
Blizzard Entertainment
Blizzard Entertainment is an American video game developer and publisher best known for franchises such as Warcraft, Diablo, StarCraft, Overwatch, and World of Warcraft.
Activision Blizzard is a major American video game publisher and developer—home to franchises such as Call of Duty, Warcraft, Diablo, Overwatch and Candy Crush—and (as of October 13, 2023) operates under Microsoft Gaming.
Microsoft
Microsoft Corporation is a multinational technology company that develops, licenses, and supports software, services, devices, and cloud-based platforms for consumers and enterprises.
Major Shareholders
Microsoft
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
The Vanguard Group, Inc. Approx. 701.99M MSFT shares (~9.44% of outstanding) held across Vanguard index and mutual funds as of Sept 30 2025. | Institutional | 9.4% | 9.4% | Sep 2025 |
BlackRock Inc. BlackRock and affiliates hold about 591.86M Microsoft shares (~7.96%) via iShares ETFs and other funds as of Sept 30 2025. | Institutional | 8.0% | 8.0% | Sep 2025 |
Steve Ballmer Former Microsoft CEO and largest individual shareholder; estimated to own ~333M MSFT shares (~4.48% of the company) as of late 2025. | Individual | 4.5% | 4.5% | Nov 2025 |
State Street Corporation State Street Global Advisors and related entities own ~299.76M Microsoft shares (~4.03% of outstanding) as of Sept 30 2025. | Institutional | 4.0% | 4.0% | Sep 2025 |
FMR LLC (Fidelity) FMR LLC (Fidelity Investments) manages about 210.49M Microsoft shares (~2.83% stake) through its mutual funds as of Sept 30 2025. | Institutional | 2.8% | 2.8% | Sep 2025 |
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