Microsoft All-Set to Buy Activision Blizzard for $68.7 billion, Deal to Play a Key Role in Metaverse Dev
Arguably one of the biggest developments in gaming, Microsoft is all-set to acquiring Activision. The CEO of Microsoft, Satya Nadela, has revealed that the incredible deal will help them in their plan to develop Metaverse.
Satya revealed that gaming being the most dynamic and exciting category in entertainment, Microsft’s push will add to their plans for Metaverse.
He further adds their plan to introduce a new era of gaming bolstered by world-class content and advancement in cloud technology, prioritising the creators and gamers.
Microsoft to Buy Activision Blizzard for $68.7 billion
As it stands, Microsoft has made the deal for a whopping $68.7 billion.
It was pretty shocking when Microsoft acquired Bethesda. Not many would have thought they would go for Activision, the publisher responsible for the Call of Duty franchise, Diablo, etc.
Ever since Xbox Series X|S was released into the market, Microsoft has been working tirelessly, stepping up their game in the gaming industry.
It is already evident with how they are going with the Xbox Game Pass, and this deal would certainly open new doors for the company.
Microsoft is already claiming that it would be the “third-largest gaming company by revenue, behind Tencent and Sony” once they close the deal.
It obviously means that Xbox owners will now get Activison’s much-hyped games on the Xbox Game Pass, which includes the likes of Diablo, Call of Duty, Warcraft and a lot more.
The official statement from Microsoft’s Phil Spencer reads, “Upon close, we will offer as many Activision Blizzard games as we can within Xbox Game Pass and PC Game Pass, both new titles and games from Activision Blizzard’s incredible catalog.”
Previously, Bethesda’s acquisition took place for $7.5 billion, which turned out to be a massive success for Xbox Game Pass. With over 25 million subscribers currently on Xbox Game Pass, Activison’s deal would probably boost their active subscriber base.
As it stands, Microsoft’s deal with Activision Blizzard is expected to “close in fiscal year 2023.”
Stay tuned to MediaScrolls for more updates on the development.