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Microsoft announced plans to acquire Activision Blizzard, a leader in game development and an Interactive Entertainment content publisher.
Microsoft planned acquisition includes, the famous and iconic franchises from Activision Blizzard and King Studios like: "Call of Duty","Diablo series", "overwatch", "Warcraft" and "Candy Crush". On Tuesday, January 18th, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development. The acquisition will accelerate the growth in Microsoft gaming company business across gaming platforms such as: mobile, PC, console and cloud; and will also provide building blocks and stepping stones for the METAVERSE.
Microsoft, on Tuesday January 18 acquired Activision Blizzard for $95 per share in an all-cash transaction that was valued at approximately $69 billion inclusive of Activision blizzard's "net cash". Microsoft is now the world's third-largest gaming company by revenue since the Close of the transaction behind Tencents studios and Sony. The company has Studios all over the world with nearly 10,000 working employees
Bobby kotick on the other end will still continue to serve as the CEO of Activision Blizzard and he and his team will maintain their focus on driving effort to further improve the company's culture and accelerate business growth.
Microsoft enables digital transformation for the area of an intelligent cloud and an intelligent Edge its mission is to empower every person and every organisation so as to achieve in more.
Activision Blizzard's mission is to connect and engage the world through epic entertainment. Through Communities rooted in their game franchises, they enable millions of people to experience thrill, joy and achievements. They also enable social connections through the lens of fun and they Foster purpose and meaning through competitive gaming.
Microsoft's acquisition of Activision Blizzard will accelerate more deals in the industry as big tech companies seek to broaden their consumer offering by acquiring game publishers that attracted players during the pandemic. The acquisition of Activision Blizzard will also help the company head into the streaming and MetaVerse Spaces. Now that this has happened gaining on all platforms will be very much optimised for Android and iOS, PlayStations Nintendo and Xbox.
The prospect of models lead to Tuesday gains among video game stocks Electronic Arts EA gained 2.7% to $133.9, wow us-listed shares of Ubisoft Rose 8.5% and Nintendo added to 2.2%. Activision ended up at $82.31, up $16.92. These moves came as major US indexes Fell. The S&P 500 lost 1.8% and the NASDAQ composite declined to 2.6% how to buy the price in treasury yields.
Activation of a bright future in the hands of Microsoft since Microsoft is known for optimising games on gaming platforms and will also take a toll in the history of gaming.
This year the momentum a video game Deal making as container and that is very very much exciting saying that Microsoft pulled a big move on a very early start a new year even after its acquisition of Minecraft from Mojang AB for 2.5 billion in 2014.