rajkotupdates.news : microsoft gaming company to buy activision blizzard for rs 5 lakh crore: In a landmark deal, Microsoft Gaming, a subsidiary of tech giant Microsoft, has acquired Activision Blizzard, one of the world’s leading video game publishers, for a staggering amount of Rs. 5 lakh crore.
The acquisition marks a significant consolidation in the gaming industry, combining Microsoft’s strong presence in the console and PC gaming markets with Activision Blizzard’s extensive portfolio of popular franchises such as Call of Duty, World of Warcraft, and Overwatch. This strategic move positions Microsoft as a major player in the gaming sector, expanding its reach and influence across a wide range of platforms, including consoles, PCs, and mobile devices.
Also Read: rajkotupdates.news : covid explosion on flight from italy
Microsoft Acquires Activision Blizzard For Rs 5 lakh crore
Microsoft has blazoned that they will be spending$ 68 billion or roughly Rs 5 lakh crore to acquire Activision Blizzard. This way, Microsoft will be spending$ 95 per share( Rs 7000) to acquire this gaming mammoth.
After Microsoft acquired Linkedin for$26.2 billion( roughly Rs 2 lakh crore), this is their 2nd biggest accession ever. After this accession, Microsoft has beaten Nintendo to come the world’s 3rd biggest gaming company after Tencent and Sony.
Activision Blizzard are the makers of popular games like Delicacy Crush, Call of Duty and Tony Hawk’s Pro Skate. still, in the last many months, the company was involved in fighting several suits for indecorous geste of their workers.
After the trade is completed, the company will report to Phil Spencer, who heads Microsoft’s Xbox division. Although Activision’s current CEO Bobby Kotick will remain in his position for this phase, he’ll ultimately step down, as per some reports.
Also Read: rajkotupdates.news : covid explosion on flight from italy
Why Is This Acquisition Important For Microsoft?
Microsoft has been enough aggressive in strengthening their position in the gaming assiduity, and this recent accession of Activision Blizzard is the ultimate move in this bid.
In 2014, Microsoft acquired Mojang for$2.5 billion. They were the makers of Minecraft. In 2021, they acquired Bethesda for$7.5 billion.
Besides, Microsoft also wants to contend against Meta( formerly Facebook), and their aggressive plans to expand their own metaverse. Microsoft clearly wants a slice of this pie.
Also Read: rajkotupdates.news : covid explosion on flight from italy
Microsoft formerly sells a largely advanced stoked reality headset called HoloLens, and with the accession of Activision, we may witness further fireworks from Microsoft in this gaming and AR/ VR niche.
