Microsoft has decided to buy 'CandyCrush' video game maker Activision Blizzard for $ 68.7 billion (Rs 5.14 lakh crore). This will be the biggest takeover in Microsoft's 46-year history. Microsoft is also the owner of popular gaming consoles like Xbox.
Activision Blizzard's game lineup includes Call of Duty, Candy Crush, Warcraft, Diablo, Overwatch, and Hearthstone. According to Microsoft, the deal will accelerate the growth of its gaming business across mobile, PC, console, and cloud and will also provide "building blocks" for the metaverse.
With this deal, Microsoft will get about 400 million monthly gaming users of Activision. Along with this, he will also have rights to some of the most popular games in the world. With the merger of Microsoft and Activision, innovation is also expected in the field of artificial intelligence and programming.
After the deal, Microsoft will also become the third-largest gaming company in the world in terms of revenue after China's Tencent and Sony. The deal is expected to close by June 30, 2023. The deal is seen as a major step for Microsoft to dominate the Next Generation Internet, ie the Metaverse.
Microsoft will pay according to $ 95 / share
Activision Blizzard's stock is seeing a rise after the announcement of the deal. The stock rose 26% to $82.31 on Tuesday. Under the deal, Microsoft will pay Activision a 45% premium Activision at $95/share.
Bobby Kotick to remain CEO of Activision Blizzard
Microsoft said that Bobby Kotick will continue to be the CEO of Activision Blizzard after the deal. He will report to Phil Spencer. Recently he has been made the CEO of Microsoft Gaming.
Allegations of harassment and discrimination against the company
Activision Blizzard was accused of harassment and discrimination against women. It was claimed that the company promotes a 'frat boy culture. 'Frat boy' means to degrade and discriminate against women.
In this case, the California administration filed a lawsuit on 20 July 2021. Activision Blizzard CEO Bobby Kotick was aware of the mistreatment of women at the company for a long time. Despite this, he did not take any specific steps to improve the environment.
GST 2.0: ACs, refrigerators, and TVs have become cheaper, but why haven't mobile and laptop prices decreased? Understand the full math behind the new tax slabs.
India launches GST 2.0 today, introducing major changes to tax rates. After the GST Council's September 3rd meeting, the country now has two core GST rates: 5% and 18%. The previous 12% and 28% rates
Pakistan Economic Crisis: Stalled bailout package deal could not be done between Pakistan and IMF: Report
The International Monetary Fund (IMF) and Pakistan could not reach an agreement on a bailout package of more than one billion dollars on Thursday. The ongoing meeting between Pakistan Prime Minister
Weather changes due to drizzle in Delhi-NCR, how will the weather be today in other states, including UP-Bihar?
The monsoon has begun to withdraw from North India. For the past few days, several states, including Delhi-NCR, have experienced humid heat. However, the weather may change in many places today. The
West Bengal: CM Mamta Banerjee will now be the chancellor of the university in place of the governor, the bill passed by the assembly
WB State Universities Chancellor: The West Bengal Assembly has passed a bill to replace Governor Jagdeep Dhankhar with CM Mamata Banerjee as the Chancellor of the state's universities. The West Bengal
Kamala Harris' husband was threatened with bombing: US Vice President's husband was in a Washington school, and was to be involved in the celebration of Black History Month
US Vice President Kamala Harris's husband Douglas Emhoff has been rescued by security after receiving a bomb threat. Douglas arrived at Dunbar High School in Washington DC on Tuesday, where he was to
Musk will auction 265 items of Twitter Headquarters: Most priced at $25 or $50, in online auction from January 17
Elon Musk, who has taken over Twitter, will auction 265 items from the San Francisco headquarters in the new year. The auction will be online on January 17. It houses things like kitchen items,
IND vs AUS: Rohit Sharma becomes India's second most successful T20I captain, surpasses Virat Kohli
Rohit Sharma has become the second most successful captain of India in T20 International cricket. Under Rohit's captaincy, India won the series by defeating Australia 2-1 in the three-match T20I
After Supreme Court's rebuke to Nupur Sharma, Vivek Agnihotri's tweet went viral, see what he wrote
Filmmaker Vivek Agnihotri's tweet is in the news after the Supreme Court rebukes Nupur Sharma's statement. He has spoken in gestures without writing anyone's name. Many types of comments are coming to
Karnataka Jamia Masjid: After Gyanvapi, now the voice raised about Jamia Masjid, Hindu organizations sought permission to worship
The activists of the Hindu organization have made a big claim about the Jamia Masjid located in Mandya, Karnataka. They have demanded worship in this Jamia Masjid. At the same time, he has claimed
G20: 'G-20 manifesto is proof of PM Modi's diplomatic skills', UNGA President said on the successful organization of the summit
India and PM Modi's leadership are being praised across the world for brilliantly hosting the G-20 Summit and unanimously accepting the New Delhi Leader's Declaration (NDLD). Now Dennis Francis,
