Microsoft Corp. is spending $69 billion on the biggest cash-funded takeover since the start of the coronavirus pandemic with its purchase of Activision...
Microsoft's purchase of Activision Blizzard gives it access to blockbuster games including Call of Duty and Candy Crush.Microsoft Corp. is spending $69 billion on the biggest cash-funded takeover since the start of the coronavirus pandemic with its purchase of Activision Blizzard Inc.
Buying Activision will eat away at a big chunk of Microsoft’s cash pile, which stood at $131 billion at the end of September, Bloomberg-compiled data show. The transaction will create the world’s third-biggest video game company and extend Microsoft’s capabilities in the metaverse, a nascent category encompassing immersive digital worlds that’s seen as the next big thing in computing.
Activision disclosed last year that it was being investigated by the Securities and Exchange Commission over complaints of workplace discrimination. That was after California sued the Santa Monica-based company in July, citing a “frat boy” culture that had become “a breeding ground for harassment and discrimination against women.”
Last year, Microsoft spent $7.5 billion to acquire ZeniMax Media, the parent company of video game publisher Bethesda Softworks, which is behind popular video games The Elder Scrolls, Doom and Fallout.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft buys Activision in a nearly $70 billion dealInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Microsoft buys Activision Blizzard in $69 billion game dealIn 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 grap…
Read more »
Microsoft buys Activision Blizzard for $68.7B, company behind Call of Duty, Candy CrushMicrosoft is buying Activision Blizzard in a $68.7 billion mega-deal, allowing the company to accelerate mobile gaming and provide building blocks for the metaverse.
Read more »
Sony slides on 'monumental challenge' from Microsoft gaming dealShares in Japan's Sony Group fell 9% on Wednesday after gaming rival Microsoft said it will buy developer Activision Blizzard in a record $68.7 billion deal for the industry.
Read more »
Microsoft to buy embattled Activision Blizzard for $68.7 billionSoftware giant is buying a video game make known for titles like 'Call of Duty' as well as allegations of sexual harassment.
Read more »
Microsoft to Swallow Activision Blizzard for $68.7 BillionThe deal will bring Microsoft hundreds of millions of gamers, according to the Xbox owner.
Read more »