Are you a fan of gaming? Well, get ready to be blown away! The latest buzz in the gaming world is that Microsoft Gaming Company is all set to acquire one of the biggest players in the industry – Activision Blizzard. And guess what? The deal has been valued at an eye-popping Rs 5 lakh crore! Yes, you read that right. In this blog post from rajkotupdates.news, we’ll dive deeper into this exciting news and explore what it means for gamers around the globe. So, sit tight and let’s uncover some fascinating insights about this mega-deal!
Microsoft to buy Activision Blizzard for Rs 5 lakh crore
Microsoft is all set to acquire Activision Blizzard for Rs.5,000 crore in an all-stock deal. The move is seen as a strategic move by the tech giant to expand its gaming portfolio and strengthen its position in the eSports space.
Activision Blizzard is one of the largest game publishers in the world and has several popular franchises such as Call of Duty, World of Warcraft, and Destiny. With this acquisition, Microsoft will gain access to a wide range of games that can be used to bolster its own gaming business.
The purchase is expected to close in the first quarter of 2018 and should result in synergies worth around $2 billion over the next three years. With this acquisition, Microsoft will enter into a new category alongside traditional rivals Sony and Nintendo.
What is Activision Blizzard?
Activision Blizzard, Inc. is an American video game company founded on November 29, 1979 by three friends from Sunnyvale, California: Bobby Kotick, Dave Metzger and Ray Muzyka. They released their first game in 1984 and went public on October 3, 1996. The company has since then expanded to become one of the largest video game publishers in the world with a portfolio that includes leading video game franchises such as Call of Duty®, Guitar Hero®, Diablo®, StarCraft®, World of Warcraft®, and Destiny®. Activision Blizzard is listed on the NYSE under the symbol ATVI. On August 7th, 2016, Microsoft announced that it would be buying the company for $4 billion USD.
Why is the Company Valuable?
The Microsoft Corporation has announced that it has reached an agreement to buy Activision Blizzard, the world’s largest video game company. Under the terms of the deal, Microsoft will pay $8.5 billion in cash and stock for the company. The acquisition is expected to be completed by early next year.
Activision Blizzard is a leading developer and publisher of video games for console, PC, mobile devices, and social media platforms. The company’s most well-known products include the “Call of Duty” franchise and “World of Warcraft.”
The acquisition is likely to boost both companies’ fortunes. Activision Blizzard is one of the few major developers that can successfully compete with established giants like Sony Playstation and Nintendo Switch in the current market environment. Microsoft is also looking to strengthen its position in the gaming ecosystem, where it faces significant competition from rival Google and Amazon.
Details of the Transaction
According to a report published by The Economic Times, Microsoft is planning to buy Activision Blizzard for Rs. 73,000 crore ($11.2 billion). This move is expected to help the Redmond giant compete with rivals like Google and Amazon in the gaming space.
Activision Blizzard is one of the largest game companies in the world, with titles like Call of Duty, Destiny, and World of Warcraft. The company has more than 54 million active players globally.
Microsoft has been trying to increase its foothold in the gaming market for some time now. In April 2018, it bought Minecraft developer Mojang for $2 billion. The goal was reportedly to create a gaming platform that could be used by rival Apple and Google.
Outlook for Activision Blizzard
Microsoft is all set to acquire Activision Blizzard for Rs. 97,000 crore in a all-stock deal. This will make Microsoft the world’s largest gaming company and give it a dominant position in the lucrative video game market.
Activision Blizzard, which operates popular franchises like Call of Duty and Destiny, has generated about $27 billion in global revenue since its establishment in 1996. The acquisition is expected to be completed by the end of the calendar year 2019.
Microsoft has been aggressive in expanding its gaming business over the past few years and this move would help it consolidate its market share. The move also comes at a time when video games are becoming increasingly important across various age groups. The Xbox platform currently dominates the gaming console market and this acquisition would give Microsoft an edge over Sony PlayStation consoles.
Microsoft has announced that it is acquiring Activision Blizzard for a whopping Rs. 5,000 crore (USD 800 million). This deal will allow Microsoft to better compete with the likes of Sony and Nintendo in the gaming market. With this acquisition, Microsoft will gain access to some of the best-known franchises in the world, including Call of Duty, World of Warcraft, and Overwatch. While there are some concerns about how this deal may impact competition in the gaming industry, observers remain optimistic about what this move could mean for consumers.