Microsoft-Activision Blizzard Deal: The biggest deal in the gaming sector is going to happen at the beginning of the year 2022. Multinational Technology Corporation, Microsoft is going to buy Activision Blizzard, the maker of worldwide popular games like “Candy Crush” and “Call of Duty”.
According to the official press release, “Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash.“
Microsoft CEO and chairman, Satya Nadella on Microsoft-Activision Blizzard Deal – “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms.”
Along with this 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.”
Phil Spencer, CEO, Microsoft Gaming on the Microsoft-Activision Blizzard deal “Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them.”
Let us tell you, Microsoft owns the popular video gaming brand Xbox. With the completion of this deal, Microsoft will become the third-largest gaming company in terms of revenue. Also, Bobby Kotick will continue to serve as CEO of Activision Blizzard, Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.
(With official Press Release Inputs)