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.
Microsoft Acquires Activision Blizzard For Rs 5 lakh crore
Microsoft has announced 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 giant.
After Microsoft acquired Linkedin for $26.2 billion (roughly Rs 2 lakh crore), this is their 2nd biggest acquisition ever. After this acquisition, Microsoft has beaten Nintendo to become the world’s 3rd biggest gaming company after Tencent and Sony.
Activision Blizzard are the makers of popular games like Candy Crush, Call of Duty and Tony Hawk’s Pro Skate. However, in the last few months, the company was involved in fighting several lawsuits for improper behavior of their employees.
After the sale 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 will eventually step down, as per some reports.
Why Is This Acquisition Important For Microsoft?
Microsoft has been pretty aggressive in strengthening their position in the gaming industry, and this recent acquisition of Activision Blizzard is the ultimate move in this endeavor.
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 compete against Meta (formerly Facebook), and their aggressive plans to expand their own metaverse. Microsoft certainly wants a slice of this pie.
Microsoft already sells a highly advanced augmented reality headset called HoloLens, and with the acquisition of Activision, we may witness more fireworks from Microsoft in this gaming and AR/VR niche.
The post Activision Blizzard Bought by Microsoft Gaming Company for Rs. 5 Lakh Crore first appeared on News Jingles.