Rajkotupdates.news : Microsoft Gaming Company To Buy Activision Blizzard For RS 5 Lakh Crore

Rajkotupdates.news : Microsoft Gaming Company To Buy Activision Blizzard For RS 5 Lakh Crore

Microsoft has announced that it will spend $68 billion or around Rs 5 lakh crore to acquire Activision Blizzard. Thus, Microsoft will shell out $95 per share (Rs 7000) to acquire the gaming giant.

This is their second biggest acquisition till date, after Microsoft acquired Linkedin for $26.2 billion (about Rs 2 lakh crore).

Following this acquisition, Microsoft overtook Nintendo to become the world's third largest gaming company behind Tencent and Sony.

Activision is the maker of popular games such as Blizzard, Call of Duty and Tony Hawk's Pro Skates. However, over the past few months the company has been flooded with complaints involving unprofessional behavior of their employees.

After the sale is complete, the company reports Phil Spencer, who heads Microsoft's Xbox division, Empire. Although Bobby Kotick, the current CEO of One Vision, will remain in his position for this phase, according to some speculation, he will eventually step down.

Microsoft has been quite aggressive in strengthening its position in the gaming industry, and its recent acquisition of Activision Blizzard is the final step in this effort.

In 2014, Microsoft acquired Mojang for $2.5 billion. He was the creator of Minecraft. In 2021, he acquired Bethesda for $7.5 billion.

Furthermore, Microsoft also wants to compete against Meta (formerly Facebook), and they have aggressive plans to expand their own Metaverse. Microsoft certainly wants a piece of this pie.

Microsoft already sells a highly advanced augmented reality headset called HoloLens, and with the acquisition of Activision, we may see more fireworks from Microsoft in this gaming and AR/VR niche.