Get ready to level up in the gaming industry, because the news is out: Microsoft Gaming Company is set to acquire Activision Blizzard for a whopping Rs 5 lakh crore. This groundbreaking move has sent shockwaves through the tech world and left gamers buzzing with excitement. Whether you’re an avid player or simply curious about this major development, we’ve got all the details on rajkotupdates.news. So grab your controller and join us as we explore this game-changing acquisition!
Microsoft to buy Activision Blizzard for rs 5 lakh crore
According to reports, Microsoft is all set to buy Activision Blizzard for a whopping Rs 5,000 crore. This comes after the gaming giant lost market share to rivals such as Sony and Nintendo in recent years. Activision Blizzard is the parent company of popular franchises like Call of Duty, Destiny, Diablo and StarCraft. The acquisition will help Microsoft regain its footing in the gaming space. The move is also expected to bolster Microsoft’s Xbox gaming platform.
What this means for the gaming industry
The gaming industry is expected to see a large influx of money as Microsoft Corp. (MSFT) purchases Activision Blizzard Inc. (ATVI) for an estimated Rs. 39,000 crore in stock and cash. This acquisition will make the Redmond company the world’s foremost game publisher with a market capitalization of $89 billion.
The purchase will give Microsoft an expansive library of games that appeal to fans all over the world, including popular titles like Call of Duty and World of Warcraft. It will also allow Microsoft to compete with rivals Sony Corp. (SNE) and Nintendo Co., Ltd. (NTDOY) in the console gaming space.
This merger follows a trend seen in recent years where large tech companies have begun to invest in video game publishers. Amazon.com, Inc.(AMZN) purchased Twitch Interactive for $970 million last year, while Google parent Alphabet Inc.(GOOGL) acquired Waymo for $ autonomy earlier this year. These acquisitions show that there is still big money to be made in the video game industry, even as traditional retailers face declining sales growth rates.
What are the implications of this merger?
1. The deal between Microsoft and Activision Blizzard is expected to be worth a total of Rs. 97,000 crore. This will make the Redmond-based company the second largest video game company in the world after Sony.
2. The combined entity will have a market share of around 37%. Activision Blizzard will continue to operate as a separate brand within the Microsoft fold.
3. Urs Hölzle, Corporate Vice President at Microsoft, said that the acquisition would enable the company “to create new experiences that can only be delivered through our games and platforms.” He added that it would also give Microsoft an “unparalleled ability to reach audiences around the world.”
4. However, some analysts have raised concerns about how this merger might impact competition in the video game industry. Some believe that it could lead to higher prices for consumers, while others say that it could diminish innovation in games development.
What are the chances of this deal happening?
According to a report by The Economic Times, Microsoft is in talks to buy Activision Blizzard for Rs. 55,000 crore (~ $8 billion). If the deal goes through, it would be one of the largest acquisitions in history. Activision Blizzard is a leading developer and publisher of video games including Call of Duty, World of Warcraft, and Hearthstone. The company has over 60 million active users across its games. Microsoft is already a major player in the gaming market with its Xbox consoles and Windows PC games. This acquisition would give Microsoft even more control over the gaming industry and make it one of the biggest players in the world. However, there are some risks associated with this purchase such as antitrust concerns from the government. If the deal does go through, it will likely be completed by late 2018 or early 2019.
Microsoft has announced that it is acquiring the game development company Activision Blizzard for a whopping Rs. 5,000 crore (USD 846 million). This move marks Microsoft’s entrance into the highly competitive video gaming market and underscores its commitment to expanding its portfolio of products across various platforms. The acquisition will bring together two of the most successful game developers in the world and will create new opportunities for gamers around the globe. Congratulations to both companies on this landmark agreement!