Microsoft recently revealed intentions to buy Activision Blizzard. One of the largest video game firms in the world, for roughly $70 billion, making it the largest tech acquisition ever.
The $68.7 billion deal was completed for $95 per share, valuing the deal at roughly $68.7 billion. It’s Microsoft’s largest purchase to date. It’ll make the firm the world’s third-largest gaming company by revenue if the deal is complete.
Microsoft believes that it will help them expand their gaming business across mobile, PC, and consoles. As well as provide metaverse building pieces.
The merger raises a slew of concerns about Activision Blizzard’s future working culture, exclusivity in the gaming industry. If such vast concentration would prompt regulatory action. None of these questions will be easily addressed in the near future. Since the transaction will take up to 18 months to complete. However, while Microsoft navigates its new role as one of the world’s three largest game publishers. The questions surrounding Activision Blizzard will loom large in the industry for the foreseeable future.
A statement from the gaming and software developer read: “Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.”