Microsoft Acquires Activision Blizzard CEO for $68.7 Billion: Games Play Key Role in Transition

Technology giant Microsoft (Mircosoft) announced yesterday (18) that it will acquire gaming company Activision Blizzard for $68.7 billion. Satya Nadella directly stated that the gaming industry will play a key role in the Metaverse and is one of the main reasons for the acquisition.

Blizzard shares rose 33.2%, linked to landing games on Microsoft services

According to Microsoft, it acquired Activision Blizzard for $95 per share, or about 45% of the Friday the 14th closing price and a closing value of $68.7 billion. Tell Phil Spencer, CEO of Microsoft's gaming division, to provide the services. The exchange was approved by Microsoft and Activision Blizzard's board of directors, and Blizzard shares rose 33.2% to $86.9.

Blizzard is a games company in the industry and includes World of Warcraft, Diablo, Doomsday, StarCraft and more. Phil Spencer has announced that Microsoft will add these popular games to Xbox Game Pass and PC Game Pass as soon as possible.

Commenting on the acquisition, Microsoft CEO Nadella said, “Gaming is the strongest and happiest of all entertainment groups today and will play a key role in transforming the metaverse. We are investing heavily in global content, communities and weather to create a new era of sports that puts players and developers ahead and makes gaming flooded, safe, inclusive and accessible to everyone.

Microsoft introduced the metaverse a long time ago.

As previously reported by the financial services industry, Microsoft has long focused on the Metaverse, supporting "Dynamic 365 Connected Space" and "Messi for Microsoft Teams." The latter intends to join Microsoft Teams, their own communication and collaboration platform, and Metaverse with chat and telephony.

In terms of hardware, Microsoft has worked hard to compete with Meta's Oculus products by developing HoloLens, an AR / VR related device, which is true hybrid glasses, and has always developed it in collaboration with other companies. such as Samsung and Asus.