One of the biggest and most well-known gaming firms in the world, Activision Blizzard, will be acquired by Microsoft, the computing powerhouse behind Windows, Office, and Azure. The acquisition is the largest ever in the gaming business and is valued at Rs 5 lakh crore (or $68.7 billion), making it the largest in Microsoft’s history. The newest web search results indicate that Activision Blizzard would be purchased by Microsoft for Rs 5 lakh crore. Rajkot News has recently gained popularity due to updates on a variety of subjects, including politics, crime, education, and real estate.
Microsoft Acquires Activision Blizzard for Rs 5 Lakh Crore
Activision Blizzard will be purchased by Microsoft for $68 billion, or approximately Rs. 5 lakh crore. In this manner, Microsoft will pay Rs 7000 ($95) a share to acquire this gaming titan. This is their second-largest acquisition ever, trailing only the $26.2 billion (approximately Rs 2 lakh crore) purchase of Linkedin by Microsoft.
After Tencent and Sony, Microsoft has overtaken Nintendo to become the third-largest gaming firm in the world as a result of this deal.
The developer of well-known video games including Candy Crush, Call of Duty, and Tony Hawk’s Pro Skate is Activision Blizzard. But during the past few months, the business has had to defend itself against various lawsuits alleging that some of its employees had behaved improperly.
Following the sale, the business will answer Phil Spencer, the CEO of Microsoft’s Xbox division. Bobby Kotick, the CEO of Activision at the moment, will continue in that role for the duration of this phase but, according to some sources, will eventually retire.
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Why Is This Acquisition Important for Microsoft?
Activision Blizzard’s recent acquisition by Microsoft is the culmination of Microsoft’s aggressive strategy to increase its position in the gaming sector.
Microsoft purchased Mojang in 2014 for $2.5 billion. They were Minecraft’s creators. For $7.5 billion, they purchased Bethesda in 2021.
Additionally, Microsoft intends to counteract Meta’s (formerly Facebook’s) ambitious intentions to grow their own metaverse. Microsoft undoubtedly desires a piece of this action.
In the gaming and augmented reality/virtual reality space, Microsoft already sells the very advanced HoloLens augmented reality device. With the acquisition of Activision, we might see more pyrotechnics from Microsoft in the future.
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By June 2023, the deal is anticipated to close, although depending on how the legal and regulatory processes turn out, there may be changes or delays. According to “rajkotupdates. news: Microsoft gaming company to buy Activision blizzard for Rs 5 lakh crore,” if the deal goes through, it will elevate Microsoft to third place among major participants in the gaming market, behind Tencent and Sony. Additionally, it would have a big impact on how gaming platforms, business models, content production, and community involvement develop in the future.