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, a leading gaming company, is reportedly in talks to acquire Activision Blizzard for a staggering amount of Rs 5 lakh crore. This potential acquisition could reshape the gaming industry, consolidating two major players under one umbrella.
Activision Blizzard, known for iconic franchises like Call of Duty and World of Warcraft, would bring a vast portfolio of games and a loyal fanbase to Microsoft’s Xbox ecosystem. Such a deal would strengthen Microsoft’s position in the gaming market and potentially lead to exclusive content for Xbox consoles and PC. However, regulatory approvals and negotiations are yet to be finalized, leaving the outcome uncertain.
The all-cash deal has been announced by Microsoft today, following which Microsoft’s gaming division Xbox and Activision have both announced plans of working together for future games. In its note, Microsoft states that it will become “the world’s third-largest gaming company by revenue” once the transaction closes. This will put it right behind Tencent and Sony.
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For those unaware, Activision Blizzard is the parent firm of Activision, a US-based video game developer responsible for iconic titles like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush.” Owing to the titles and regular eSports activities conducted by it, Activision is hugely popular among the gaming fraternity.
The company currently has studios around the world and records about 10,000 employees. Post the acquisition, Bobby Kotick will continue to serve as CEO of Activision Blizzard. The company will continue to work as usual, with a focus on accelerating business growth. Reporting of the Activision Blizzard business will be to Phil Spencer, CEO, Microsoft Gaming.
Microsoft says that the deal is expected to close in fiscal year 2023. Though it has been approved by the boards of directors of both Microsoft and Activision Blizzard, it is subject to customary closing conditions and “completion of regulatory review and Activision Blizzard’s shareholder approval.”
rajkotupdates.news : microsoft gaming company to buy activision blizzard for rs 5 lakh crore : Microsoft highlights that it wants to go big on the smartphone gaming segment with Activision Blizzard by its side. It even hints at bringing franchises like “Halo” and “Warcraft” to mobile phones going forward. It relies on Activision’s earlier success with mobile games like “Candy Crush” to acquire the mobile gaming segment.
In addition, Microsoft also looks to expand the gaming titles under its Xbox Game Pass and PC Game Pass with the takeover. In a note on the Xbox website, Phil Spencer writes that the company will look to bring “as many Activision Blizzard games” as it can within the two subscription services.
Activision’s widely rejoiced franchises will also accelerate Microsoft’s plans for Cloud Gaming. It looks to encourage “more people in more places around the world to participate in the Xbox community” using the company’s various platforms, which Microsoft will continue to support post the takeover.
