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4 months ago

Microsoft Announces $68.7 Billion Deal to Acquire Activision Blizzard

Wibbitz Top Stories
Wibbitz Top Stories
Microsoft Announces , $68.7 Billion Deal , to Acquire Activision Blizzard.
Microsoft Announces , $68.7 Billion Deal , to Acquire Activision Blizzard.
On January 18, Microsoft announced its largest
takeover in the company's 46-year history with the
purchase of Activision Blizzard for $68.7 billion in cash. .
On January 18, Microsoft announced its largest
takeover in the company's 46-year history with the
purchase of Activision Blizzard for $68.7 billion in cash. .
'The New York Times' reports that the deal represents a powerful move for Microsoft in the battle for dominance in the emerging metaverse. .
'NYT' describes the metaverse as a next-generation
internet that combines virtual and augmented reality
with the traditional online world. .
The announcement of the deal comes
after accusations of sexual harassment
and discrimination that were reportedly ignored
by senior Activision and Blizzard executives. .
The announcement of the deal comes
after accusations of sexual harassment
and discrimination that were reportedly ignored
by senior Activision and Blizzard executives. .
In the wake of those accusations and
an associated California lawsuit over the matter,
Activision shares have fallen 27%. .
In the wake of those accusations and
an associated California lawsuit over the matter,
Activision shares have fallen 27%. .
'NYT' reports that the deal may be viewed as a win for Bobby Kotick, Activision's chief executive. .
Microsoft is reportedly paying $95 a share, approximately 45% above Activision's stock price. .
Kotick, who critics have called to resign
over the controversy, will reportedly
continue running the company. .
Kotick, who critics have called to resign
over the controversy, will reportedly
continue running the company. .
According to 'NYT,' the decision also
represents a challenge to regulators in Washington. .
Both Republicans and Democrats have pushed
to rein in the ever-growing power
of tech industry powerhouses like Microsoft. .
Both Republicans and Democrats have pushed
to rein in the ever-growing power
of tech industry powerhouses like Microsoft.
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