Microsoft Announces , $68.7 Billion Deal , to Acquire Activision Blizzard.
Microsoft Announces , $68.7 Billion Deal , to Acquire Activision Blizzard.
On January 18, Microsoft announced its largest takeover in the company's 46-year history with the purchase of Activision Blizzard for $68.7 billion in cash.
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On January 18, Microsoft announced its largest takeover in the company's 46-year history with the purchase of Activision Blizzard for $68.7 billion in cash.
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'The New York Times' reports that the deal represents a powerful move for Microsoft in the battle for dominance in the emerging metaverse.
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'NYT' describes the metaverse as a next-generation internet that combines virtual and augmented reality with the traditional online world.
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The announcement of the deal comes after accusations of sexual harassment and discrimination that were reportedly ignored by senior Activision and Blizzard executives.
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The announcement of the deal comes after accusations of sexual harassment and discrimination that were reportedly ignored by senior Activision and Blizzard executives.
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In the wake of those accusations and an associated California lawsuit over the matter, Activision shares have fallen 27%.
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In the wake of those accusations and an associated California lawsuit over the matter, Activision shares have fallen 27%.
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'NYT' reports that the deal may be viewed as a win for Bobby Kotick, Activision's chief executive.
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Microsoft is reportedly paying $95 a share, approximately 45% above Activision's stock price.
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Kotick, who critics have called to resign over the controversy, will reportedly continue running the company.
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Kotick, who critics have called to resign over the controversy, will reportedly continue running the company.
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According to 'NYT,' the decision also represents a challenge to regulators in Washington.
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Both Republicans and Democrats have pushed to rein in the ever-growing power of tech industry powerhouses like Microsoft.
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Both Republicans and Democrats have pushed to rein in the ever-growing power of tech industry powerhouses like Microsoft.
