Google News Redmond’s Microsoft to acquire Activision in $69bn mega-merger on metaverse bet
by SOURAV D | VIEW 947
On Tuesday, Microsoft Corp., the Redmond, Washington-headquartered tech titan, had said in a statement that the American multinational tech conglomerate would purchase the “Call of Duty” maker Activision Blizzard in a gargantuan $68.7 billion buyout deal, marking off the largest-ever gaming industry deal. In factuality, latest Microsoft Corp move to acquire the Californian gamemaker Activision Blizzard came forth as the mega-cap global tech behemoth looks to grasp a larger bite on a widely ventured virtual future, while the deal which happens to be the largest all-cash takeover accord on record, would bolster Microsoft’s footprint in a ballooning videogaming market by an unfathomable scale while putting forth a pernicious challenge for industry leaders like of Sony and Tencent.
Aside from that, followed by the announcement, several industry analysts were quoted saying that that the recent Microsoft Corp move to purchase Activision at a record $68.7 billion all-cash deal had largely underlined the Washington-based tech tycoon’s bet on metaverse, a virtual world where people will work, play and socially interact at the same time.
Meanwhile, voicing a jubilant tone over the latest acquisition, Microsoft Chief Satya Nadella said in a statement, “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms.
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Microsoft to purchase Activision at all-cash $68.7 billion deal
According to the financial terms of the deal, Microsoft had offered a $95 per share for each Activision shares, representing a premium of 45 per cent as of Activision’s Friday’s closing price.
Followed by the announcement, shares’ prices of Microsoft tumbled 1.77 per cent to $304.71 apiece, while Activision skyrocketed as much as 27.40 per cent to round off the day’s Wall Street at $83.37 per share.