Microsoft is going to make the biggest deal in the gaming sector. American company Microsoft will buy Activision Blizzard for $ 68.7 billion.
Microsoft will make the biggest deal in the gaming sector
The world’s famous technology company Microsoft (Microsoft) The biggest deal in the gaming sector is going to happen. Yes, US company Microsoft for $ 68.7 billion Activision Blizzard (Activision Blizzard) Will buy Let us tell you that Activision Blizzard has made ‘Call of Duty’ and ‘Candy Crush’. (Candy Crush) Like have made famous and popular games. Microsoft itself has announced this deal on Tuesday. The company said that this deal between Microsoft and Activision Blizzard will be in cash. The deal will accelerate the growth of Microsoft’s gaming business across mobile, PC, console and cloud and provide the building blocks for the metaverse.
Microsoft to become world’s third largest gaming company
According to Microsoft, his company will do this deal at the rate of $ 95 per share. The total value of this deal to be done in cash will be $ 68.7 billion. After the completion of the deal, Microsoft will become the third largest gaming company in the world in terms of revenue after Tencent and Sony. Let us tell you that XBox, which has achieved fame in the gaming world, is a product of Microsoft itself.
Gaming is the most dynamic and exciting category of entertainment.
Microsoft Chairman and CEO Satya Nadella said about this deal, “Gaming is the most dynamic and exciting category of entertainment on all the platforms in the world today. It will also play an important and important role in the development of the Metaverse platform. We are investing deeply in world class products, community and cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe and easy for all.”
Bobby Kotick will continue as CEO
According to the information given on the company’s website, Bobby Kotick will continue to be the CEO of Activision Blizzard. Bobby and his team will continue to focus their efforts to further strengthen the company’s culture and accelerate business growth. Once the deal is completed, Activision will report to Blizzard Business, Microsoft Gaming CEO Phil Spencer.
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