Microsoft to Acquire Activision Blizzard: A New Player on Metaverse?
Microsoft recently invested its deep interest in acquiring the Game giant Activision Blizzard paving its way to strengthen the roots on Metaverse, Xbox Game Pass, Mobile Gaming, and a lot more other stuff.
Recently, Microsoft CEO Satya Nadella opened up stating the clear vision of the company to strengthen its business in various fields including the rapidly growing Metaverse. In addition to that, Microsoft is planning to push many Activision games to Xbox Game Pass once the deal is finalized. This will add more power to the Xbox Game Pass series eventually becoming the third largest Gaming company in terms of revenue. Well, the other side of this acquisition would be cleaning the mess created inside Activision Blizzard that was followed by a long-run Sexual Harassment activity. This move will not only show the accused ones the exit way but also re-shape the company’s work culture in a long run.
Check the Official Blog for more information.
This deal will also include all the subsidiary studios owned by Activision Blizzard which includes High Moon Studios, Major League Gaming, Beenox, etc. adding up more power to the Microsoft Gaming side. With that being said, Mobile gaming would now be a bright opportunity for the company to excel along with the Xbox and PC games. Additionally, this massive deal shows up the future of Gaming and the rise of Web 3.0 in the upcoming decade. With this acquisition, Microsoft would be an official big competitor on Metaverse and likely to rule out the space along with other big tech giants. However, both Microsoft and Google have started to strengthen the cloud computing service to take the cloud gaming service to a whole new level. This will empower the world of Metaverse while making it highly accessible to most people. In addition to that, the field of Augmented Reality is no more subjected to a finite space. With Facebook Meta already enhancing the Oculus service, Microsoft will focus more on delivering a high level of content in the VR world.
The deal is known to be a sum of $68 Billion which is one of the largest acquisitions in this field in itself. The recent acquisition was seen to be of $11 Billion of Zynga by Take-Two Interactive and many other such deals less than this price range were made. The acquisition of Activision Blizzard is expected to complete by 2023, till then, the company would be individually running all its services as usual.
Check the letter by Phil Spencer (Microsoft Gaming CEO).
E-mail from Activision Blizzard CEO, Bobby Kotick.
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