Gaming fans worldwide are going crazy over this shocking news. It is reported that Microsoft Corporation is taking over Activision Blizzard in a whopping $69 billion deal. This historic deal is the biggest in the gaming industry. This deal is a part of the Metaverse as “Call of Duty” maker Activision Blizzard will join the Xbox family.
Source: Den of Geek
This deal was announced by Microsoft on Tuesday and is considered the largest all-cash acquisition on record. The video gaming market along with the Metaverse will be booming following this deal. Technology giants are joining hands to create a virtual future for the gaming industry.
What does it mean for Activision Blizzard?
Microsoft is acquiring Activision Blizzard for $95.00 per share. Microsoft will be known as the third-largest gaming company by revenue at the end of this deal, only behind Sony and Tencent. Popular franchises from Activision Blizzard such as “Diablo”, “Warcraft”, “Call of Duty”, and “Overwatch” will be a part of this grand acquisition.
Activision Blizzard fans can now enjoy their favorite games virtually anywhere thanks to this acquisition. Activision’s world-class talent and Microsoft’s advanced technology will combine to bring gamers a fascinating gaming experience. Mobile phones contribute a lot to gaming with over 95% of gamers enjoying games on their phones.
That’s why, Activision and Microsoft intend to empower mobile gamers. Activision and Microsoft will enable gamers to enjoy popular gaming franchises like “Halo” and “Warcraft” on any device they prefer. Microsoft will also launch many of Activision Blizzard’s games into Game Pass thanks to this acquisition.
Game Pass already has over 25 million subscribers and the number will grow even more thanks to this deal.
What does it mean for Microsoft?
Microsoft has already been a giant in gaming due to Xbox. The company has invested in gaming endeavors and studios for several years. In recent years, Microsoft has acquired and purchased popular gaming studios such as Mojang and Zenimax in whopping multi-billion dollar deals.
The recent acquisition of Activision Blizzard is a great leap forward for Microsoft. In 2020, Microsoft’s share in the gaming market was 6.5%. Microsoft’s shares in the gaming market will increase to 10.7% after acquiring Activision Blizzard
Microsoft’s Xbox will have an edge over Sony’s PlayStation due to the hundreds of games in Activision Blizzard’s library. Microsoft is on its way to become the next big thing in the gaming industry. Xbox fans can now enjoy their favorite Activision Blizzard games on any device due to the Metaverse plan.
What does it mean for the metaverse?
According to Microsoft Chief Executive Satya Nadella:
“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms”.
It’s no wonder that gaming studios are trying to become a part of the Metaverse. A metaverse is a place where gamers can meet, socialize, and play games together. The acquisition of Activision Blizzard by Microsoft is going to play a crucial role in the development of the Metaverse. The Metaverse arms race has officially begun with this deal.
This event is biggest deal in the gaming industry and probably the most shocking gaming news in 2022. As an Activision Blizzard fan, you can expect to play all your favorite games on your preferred devices anywhere as promised by the Metaverse programs.
Hi I’m a content writer at Eklipse gaming. I have a passion for gaming and I love writing about it.