Microsoft, the software behemoth, announced today it had completed a deal to acquire Activision Blizzard, one of the biggest game developers and publishers in the gaming world. The deal, which involves an all-cash transaction valued at $68.7 billion, will give Microsoft ownership of important franchises like “Call of Duty,” “Candy Crush,” “World of Warcraft,” and “Diablo.” The company also mentioned this acquisition would provide building blocks for the metaverse.
Microsoft to Acquire Activision to Build Its Metaverse
Microsoft, one of the leading software companies in the world, announced the acquisition of Activision Blizzard, a game-developing company with more than 10,000 employees around the world. According to a press release issued, the deal will involve a transaction of $68.7 billion, the biggest purchase of this kind made by the company. On the purchase, Satya Nadella, CEO of Microsoft, stated:
We’re investing deeply in world-class content, community, and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive, and accessible to all.
The purchase will allow Microsoft to take control of big franchises like “Call of Duty,” “Candy Crush,” “World of Warcraft,” and “Diablo,” which together have more than 400 active million players monthly.