Software giant Microsoft today announced it has reached an agreement to acquire Activision Blizzard, one of the world’s largest game developers and publishers. The deal, which involves a $68.7 billion all-cash transaction, will give Microsoft ownership of key franchises such as “Call of Duty,” “Candy Crush,” “World of Warcraft,” and “Diablo.” This acquisition will establish the basis for the metaverse.
Microsoft Acquires Activision to Create Metaverse
Microsoft, one of the world’s leading software companies. announce Acquisition of Activision Blizzard, a game development company with more than 10,000 employees worldwide, according to a press release. The deal will involve a transaction worth $68.7 billion. It was the company’s biggest purchase to buy, Microsoft CEO Satya Nadella said:
We are investing deeply in global content, community, and cloud to usher in a new era of player- and creator-first gaming. and make the game safe, comprehensive, and accessible to everyone.
The purchase will give Microsoft control of major franchises such as “Call of Duty,” “Candy Crush,” “World of Warcraft” and “Diablo,” which have more than 400 million monthly active players combined.
Gaming is an important part of the Metaverse.
For Nadella, the Activision acquisition will accelerate Microsoft’s growth and its gaming environment. And it will be the infrastructure for Microsoft’s Metaverse development on this. Nadella said:
Gaming is the most dynamic and exciting category of entertainment across all platforms today. and will play an important role in the development of the metaverse platform.
While the company hasn’t announced any moves related to the metaverse related to its gaming division or Xbox environment, Nadella has hinted at further development on the matter. netMesh will allow people using Microsoft Teams to meet and chat with avatars online. Replace video conferencing for a more immersive and engaging experience.
Several blockchain game companies have presented a variety of outcomes. The Sandbox, a metaverse game with user-generated NFTs, It has already attracted the attention of companies including Hong Kong-based PWC. invest in the virtual land plots in the platform The company behind the Animoca Brands game recently raised $358 million to support the web3 project and build the metaverse.
What are your thoughts on the acquisition of Activision Blizzard by Microsoft? Tell us in the comment section below.
photo credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell. or any advice or endorsement of any product, service or company Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the authors shall be liable, directly or indirectly, for any damage or loss whatsoever arising or alleged to be caused by or in connection with the use of. or rely on any content, product or service mentioned in this article.