The company ‘Microsoft’ is going to be paying around 70 billion dollars for the purpose purchasing the Activision Blizzard, along with the publisher of the large franchises that will be including the games like Call of Duty, Candy Crush and World of Warcraft and also in the largest takeover ever in the gaming and technology industries.
Microsoft also said that, the all-cash deal of 68 billion dollars is going to be providing the building blocks for the metaverse, and it has also been the largest deal in the technology history.
The deal is also going to be seeing the producer of the Xbox become the third largest gaming company in the world by the revenue behind the Sony of Japan, which has been the producer of the PlayStation consoles games and Tencent of China.
Satya Nadella, chief executive officer and chairman of Microsoft said that, gaming has been the most exciting and dynamic category in the entertainment across all the platforms and it is also going to be playing an important role in the development of the platforms of metaverse.
Satya Nadella also said that, the company has been deeply investing in the world-class content, along with the community and the cloud for the purpose of ushering a new gaming era that is responsible for putting the creators and players of the game first and also making the gaming safe for them.