Microsoft to Acquire Activision Blizzard for $69 Billion
In a historic move, American tech giant Microsoft is set to acquire gaming publisher Activision Blizzard for a staggering $69 billion. The deal, if successful, will mark the largest acquisition in the field of information technology. However, Microsoft must finalize the agreement by July 18th.
Sony, a major competitor that manufactures the popular PlayStation consoles and is one of the largest gaming publishers, initially opposed the acquisition. However, over the weekend, Microsoft managed to strike a deal with Sony to ensure the availability of the popular Call of Duty game series from Activision Blizzard on Sony’s consoles.
Sony’s change in stance suggests that even the biggest critic of the transaction expects it to go through. Since January 2022, Sony had vehemently rejected a similar agreement and attempted to halt Microsoft’s acquisition of the American gaming publisher through legal action.
The acquisition of Activision Blizzard by Microsoft would have significant implications for the gaming industry, as it would consolidate two major players in the market. Microsoft’s move highlights its ambition to expand its presence in the gaming sector and strengthen its position against competitors.
As the deadline for the deal approaches, industry experts and gamers alike eagerly await the outcome, which could reshape the landscape of the gaming industry.
