#ActivisionBlizzard
Microsoft Corp. said it’s buying Activision Blizzard Inc. in a $68.7 billion deal, uniting two of the biggest forces in video games to create the world’s third-biggest gaming company.
In its largest purchase ever, Microsoft will pay $95 a share in cash for one of the most legendary gaming publishers, known for titles like Call of Duty and World of Warcraft but which is also grappling with a cultural upheaval over its treatment of women. Activision Chief Executive Officer Bobby Kotick will continue to serve in that role, Microsoft said. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, who heads Microsoft Gaming. The deal value includes Activision’s net cash.
Adding Activision’s stable of popular titles will help Microsoft expand its own offerings for the Xbox console and better compete with rival Sony Corp.’s PlayStation. Activision has a long history with the Xbox. The publisher’s largest franchise, Call of Duty, became successful largely due to Microsoft’s online platform Xbox Live, which allows players to connect for multiplayer matches. Most of Activision’s games are published on Xbox consoles.
“Acquiring Activision will help jump start Microsoft’s broader gaming endeavors and ultimately its move into the metaverse with gaming the first monetization piece of the metaverse,” Dan Ives, an analyst at Wedbush Securities, wrote in a note to investors. “With Activision’s stock under heavy pressure (CEO related issues/overhang) over the last few months, Microsoft viewed this as the window of opportunity to acquire a unique asset that can propel its consumer strategy forward.”
Microsoft’s shares slid about 1.3% in early trading on the news. The bid is a 45% premium on Activision’s closing price Friday. However, it’s a bargain compared with the stock’s performance in the first half of last year, before a sexual bias lawsuit filed by a California state agency in July plunged the company into crisis. The shares hit a high of more than $100 apiece in February and then lost nearly half their value by the end of the year.
😎 GamerAdvantage: Use This Link To Purchase GamerAdvantage Items – https://gameradvantage.com/?ref=BROKENGAMEZHDR and Use Coupon Code BGHDR To Get 10% Off GamerAdvantage Items
💳 Become Channel Member – http://bit.ly/2wqQeRn
📱 Twitter – http://bit.ly/2V1zPwZ
💰 Patreon – https://bit.ly/2TR1kqi
📻 https://anchor.fm/weaponwheelpodcast (All Podcast Audio Platform Links)
📻 Spotify – https://spoti.fi/31hvKHT
📻 Itunes – https://apple.co/2KuM4wq
📦 Merchandise – http://bit.ly/2MdKwsJ
Podcast Members
🧔🏾BlackB0nd – http://bit.ly/2yURb2s
🧔🏾JackMoveJohnny – http://bit.ly/2YE73FM
🧔🏾Kidsmoove – http://bit.ly/2YE7RKO
🧔🏾Blandrew – https://bit.ly/3vnZezI – $AndBland
To submit a video to be featured during the Weapon Wheel Podcast Go Here: https://bit.ly/35hYxwX
PlayStation 4, Xbox Series X, Nintendo Switch and PC Gaming – All news and developments regarding these platforms are the topics of Weapon Wheel Podcast weekly. Weapon Wheel Podcast is the raw and uncut podcast that discuss gaming topics and events in the gaming industry weekly.
🔴
PS5,Xbox Series X,Next Gen,PlayStation 5,Nintendo Switch,Xbox Game Pass,xbox buys activision blizzard,activision blizzard,xbox COD exclusive,xbox game pass,xbox game pass pc,xbox game pass activision blizzard,activision blizzard bobby kotick,game pass subscribers,xbox acquisition,xbox acquired activision blizzard,xbox,xbox buys publisher,xbox buys take two,pc xbox game pass,xbox exclusives,activision blizzard acquisition,PS5 spartacus vs xbox game pass
Leave a Reply