Microsoft announced the purchase of game developer Activision Blizzard

With this move, Microsoft plans to enter the metaverse market

19.01.2022 - 08:20

444

1 min

What’s new? The technology giant Microsoft has published news about its acquisition of one of the biggest game developers, Activision Blizzard. The total purchase price was $68,7 billion, almost $20 billion more than the company’s current valuation.

When Candy Crush and CoD become your actual job. Microsoft x Activision Blizzard. 🎮❤️📱https://t.co/nw4cLoaoTB pic.twitter.com/QPGt9DC2jF— Microsoft (@Microsoft) January 18, 2022

What else is known about the deal? Microsoft’s immediate plans include entering the rapidly growing market of Play-to-Earn games and metaverses. The acquisition of Activision Blizzard will provide the necessary “building blocks” for this. As Microsoft CEO Satya Nadella has stated, it will be the games that will determine the course of the metaverses’ development. And investing in this industry will open up a new era for the community, where the players themselves will come first.

As for the formal side of the issue, the final closing of the deal will take place in 2023. It is known that the value per share purchased was $95. Activision Blizzard will not be changing its management team anytime soon, with Bobby Kotick, who has been in that position for 30 years, remaining as the company’s director.

Author: