Microsoft announced that it has completed an agreement to buy Activision Blizzard. This is one of the largest game publishers and developers in the world. The deal, which involves an all-cash transaction valued at $68.7 billion, will give Microsoft ownership of important franchises like “Call of Duty,” “Candy Crush,” “World of Warcraft,” and “Diablo.” The company also mentioned this acquisition would provide building blocks for the metaverse.
Microsoft To Acquire Activision In Order to Create Its Metaverse
Microsoft announced that it had acquired Activision Blizzard. This game-developing firm has more than 10,000 people around the globe. The company’s largest purchase, at $68.7billion, was announced in a press release. Satya Nadella (CEO of Microsoft) stated that the deal would result in a transaction worth $68.7 billion.
We’re investing deeply in world-class content, community, and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive, and accessible to all.
The purchase will allow Microsoft to take control of big franchises like “Call of Duty,” “Candy Crush,” “World of Warcraft,” and “Diablo,” which together have more than 400 active million players monthly.
Gaming is a pivotal part of the Metaverse
For Nadella, the acquisition of Activision will accelerate the growth of Microsoft and its gaming environment and will provide the building blocks for Microsoft’s take on the metaverse. About this, Nadella stated:
Gaming is today’s most vibrant and interesting entertainment platform and it will continue to play an important role in developing metaverse platforms.
Nadella indicated that more moves could be made in the gaming sector or Xbox ecosystem. The company has begun to develop Mesh, its own metaverse. Mesh allows people to use Microsoft Teams for meetings and chats with virtual avatars. This will replace videoconferences and make the experience more interactive and participatory.
Many different blockchain gaming companies presented their views on the metaverse. The Sandbox, a metaverse game that features user-created NFT’s, has garnered attention from different companies, including PWC in Hong Kong, that has already invested in plots of virtual land in the platform. Animoca Brands raised $358 Million to fund its web3 projects, and build its metaverse.
Let us know your thoughts on the acquisition of Activision Blizzard from Microsoft. Leave a comment below.
Image creditShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.