Microsoft buying Activision Blizzard boosts its metaverse ambitions

Microsoft buying Activision Blizzard boosts its metaverse ambitions

2 years ago
Anonymous $dEyjbtEkMr

https://techmonitor.ai/technology/emerging-technology/microsoft-activision-blizzard-call-of-duty-world-of-warcraft

Microsoft announced the biggest acquisition in tech history on Tuesday afternoon, revealing it has agreed to pay almost $70bn for video games publisher Activision Blizzard. While the mega-deal will hand a short-term boost to the company’s Xbox gaming division, in the longer term it is a purchase which signals MSFT’s ambitions to make an impact in the nascent metaverse.

The $69.7bn all-cash purchase, equivalent to $95 per share, far exceeds Microsoft’s previous biggest acquisition, its $26bn purchase of LinkedIn in 2016. It also eclipses the previous record for a tech deal, when Dell bought EMC for $67bn seven years ago.