Microsoft (NASDAQ: MSFT) announced its intention to acquire leading game developer Activision Blizzard Inc. (NASDAQ: ATVI). Additionally, Microsoft has revealed it will pay $95 per share in cash for the game developer. This takes the total consideration for the gaming giant to $68.7 billion.
“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Satya Nadella, chairman and CEO, Microsoft. “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”
Furthermore, the deal will give Microsoft access to iconic franchises from the Activ...
