Microsoft has announced on its official website that it plans to acquire Activision Blizzard, a leader in game development and publisher of interactive entertainment content, for $68.7 billion.
The planned acquisition includes iconic series from Activision, Blizzard and King studios such as “Warcraft”, “Diablo”, “Overwatch”, “Call of Duty” and “Candy Crush”.
Microsoft stated that it purchased Activision Blizzard in order to offer the gaming experience to every user on every device. This acquisition is as Microsoft announced in its announcement. “It will accelerate growth in the mobile, PC, console and cloud-wide gaming industry and provide the building block for the metaverse.”
per share 95 dollars in total, including of $68.7 billion Microsoft, which will pay all of it in cash, most high-budget will make the purchase. The sale is scheduled to be completed in 2023.
Microsoft President and CEO Satya Nadella said:
“Gaming is the most dynamic and exciting category in entertainment across all platforms today. It will play an important role in the development of Metaverse platforms. We are investing fundamentally in world-class content, community and cloud to usher in a new era of gaming that puts gamers and creators first and makes gaming safe, inclusive and accessible to all.”
With the acquisition of Activision Blizzard, Microsoft will gather all game content under its own roof, with approximately 400 million monthly active users in 190 countries. At the same time Microsoft; Additionally, it will have publishing, esports and 30 game development studios. Content is expected to migrate to the Microsoft Game Pass portfolio.
With Microsoft’s acquisition of Blizzard, Tencent and Sony 3rd largest game company in the world it happened.