The tech giant is ready to expand its reach in the gaming world as it made the biggest-ever tech investment recorded in history. Microsoft, an American multinational computer technology corporation made a tremendous deal on Tuesday, worth nearly $70 billion with the biggest gaming company Activision Blizzard, which is widely recognized for making many popular games including Candy Crush and Call of Duty. The video game maker gained popularity and made its mark in mobile gaming and virtual-reality technology. If you are curious to know why Microsoft buys Activision Blizzard, take our quiz on “Game maker Activision Blizzard” which will help expand your knowledge.
Reason to Buy Activision Blizzard
The all-cash $68.7 billion deal will remain the best deal and Microsft considers Activision Blizzard as of the third biggest gaming company in the world. Microsoft may become strong in the gaming world and can compete with tech rivals including Meta, formerly known as Facebook. In this deal, Microsoft will spend $95 per share for Activision. It is one of the largest acquisitions to date, compared to Microsoft’s previous buy as it paid 26.2 billion to own LinkedIn in 2016.
These are main reasons to buy Activision Blizzard are
Which Company Did Microsoft Buy Recently?
- A. Activision Blizzard
- B. Skype
- C. Facebook
- D. Whatsapp
- For additional recurring revenues
- To build for opportunities for Metaverse
- To compete with its tech competitors
Game Maker Activision Blizzard
Gaming giant Activision Blizzard recently experienced allegations of sexual harassment and misconduct. The company is a well-known American gaming giant located in California, established in July 2008. Currently, Activision Blizzard consists of five business units including Blizzard Entertainment, Activision Publishing, Major League Gaming, King, and Activision Blizzard Studios. The company has other studios such as Infinity Ward, Treyarch, Toys for Bob, High Moon Studios. Activision Blizzard produced Call of Duty, Bandicoot, Tony Hawk’s, Guitar Hero, World of Warcraft, Guitar Hero, and many more. Bobby Kotick is the chief executive of Activision Blizzard, who gets shares in the gaming company with a value of over $370m. Activision Blizzard games boast of having 25 million subscribers and around 400 million monthly active users. Microsoft is not only made a $68.7 billion deal, but it also announced its plan to buy ZeniMax Media Inc., parent company to Bethesda Game Studios and other publishers in late 2020.