May 16, 2022

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Microsoft acquires game maker Activision Blizzard for nearly €60 billion

Microsoft acquires game maker Activision Blizzard for nearly €60 billion

Microsoft acquires game maker Activision Blizzard, the transaction value is approximately 60 billion euros. The gaming company has been under fire for months over allegations of inappropriate behaviour.

The US Securities and Exchange Commission (SEC) in September I started an investigationFor the game maker, the supervisor wants to know if the company has reported discrimination, sexual harassment, and sexual misconduct in the workplace in a timely manner. Yesterday I mentioned the company Dozens of other employees have been fired for inappropriate behavior. company Advertise this summer Measures have already been taken to prevent intimidation. Activision CEO, Bobby Kotick, may remain, despite all the ups and downs. Technology website The Verge to remember That once the deal is done and the transition period is over, he will still leave.

The game publisher is known for titles like CansAnd DiabloAnd Note and watch in a Call of duty. The company employs nearly 10,000 people worldwide. When the acquisition is complete, Activision Blizzard games will be added to Microsoft’s gaming subscription, which now has more than 25 million users. Activision games are played by nearly 400 million people every month.

Bet on Metaverse

Problems haven’t stopped Microsoft from taking charge. “This accelerates the growth of our gaming offerings for mobile, PC, consoles, and the Internet, as well as providing the building blocks for the metaverse,” Microsoft said in a statement. According to the software giant, this acquisition will make the company the third player in the gaming market after Sony and Tencent.

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Over the past few months, the focus has been It has grown tremendously for metaverses. It may be seen as a successor to the current internet. At this point, it’s just an idea, but one that Silicon Valley is taking very seriously. In the metaverse, the digital and physical worlds are more intertwined. Augmented reality and virtual reality goggles are also expected to be more important in the development of the metaverse. The same goes for games.

There is a chance that the competition regulator in the US, UK or EU will take a critical look at the deal. More than before, the (big) trades in the tech world are closely watched due to the fear of abuse of market power.