Fun

Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse

News Feed - 2022-01-20 05:01:56

Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse


Microsoft, the software behemoth, announced today it had completed a deal to acquire Activision Blizzard, one of the biggest game developers and publishers in the gaming world. The deal, which involves an all-cash transaction valued at $68.7 billion, will give Microsoft ownership of important franchises like “Call of Duty,” “Candy Crush,” “World of Warcraft,” and “Diablo.” The company also mentioned this acquisition would provide building blocks for the metaverse. Microsoft to Acquire Activision to Build Its Metaverse


Microsoft, one of the leading software companies in the world, announced the acquisition of Activision Blizzard, a game-developing company with more than 10,000 employees around the world. According to a press release issued, the deal will involve a transaction of $68.7 billion, the biggest purchase of this kind made by the company. On the purchase, Satya Nadella, CEO of Microsoft, stated:


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.


The purchase will allow Microsoft to take control of big franchises like “Call of Duty,” “Candy Crush,” “World of Warcraft,” and “Diablo,” which together have more than 400 active million players monthly. Gaming as a Pivotal Part of the Metaverse


For Nadella, the acquisition of Activision will accelerate the growth of Microsoft and its gaming environment and will provide the building blocks for Microsoft’s take on the metaverse. About this, Nadella stated:


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.


While the company has not announced any moves related to the metaverse involving its gaming division or the Xbox environment, Nadella hinted at more developments in this regard. However, the company is working on its own take of its metaverse for the office in the form of Mesh. Mesh will allow people using Microsoft Teams to have meetings and chat with online avatars, substituting videoconferences for a more immersive and participative experience.


Many blockchain gaming companies have presented their take on the metaverse with various results. The Sandbox, a metaverse game that features user-created NFT’s, has garnered attention from different companies, including PWC in Hong Kong, that has already invested in plots of virtual land in the platform. The company behind the game, Animoca Brands, raised $358 million recently to bolster its web3 projects and construct its metaverse take. Tags in this story activision blizzard, Animoca Brands, Gaming, Metaverse, Microsoft, nft, satya nadella


What do you think about the purchase of Activision Blizzard by Microsoft? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Exploring the CropBytes Metaverse: A Futuristic Crypto Game With Real Economics and Immersive Graphics METAVERSE | 4 hours ago Disney Moves Toward the Metaverse With Approved US Patent to Create a "Virtual-World Simulator" METAVERSE | Jan 10, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articlePakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to ‘Regularize’ Crypto Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNear Foundation Raises $150 Million to Bolster Web3 Adoption


On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% ... read more.Swiss National Bank Trials CBDC in Transactions With Five Banks Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

News Feed

Russian State Duma Adopts Law Banning Payments With Digital Financial Assets
Russian State Duma Adopts Law Banning Payments With Digital Financial Assets The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets
Price analysis 2/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE
Rakesh Upadhyay1 hour agoPrice analysis 2/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGEBitcoin targets new highs above $55,000. Will altcoins follow?898 Total views12 Total sharesListen to article 0:00Price Anal
Helen Partz9 hours agoBinance successor in Russia: Everything you need to know about CommEx, so farThe sale has sparked chatter among local crypto enthusiasts, who say the two sites appear so similar that CommEx could be
SuperRare Expands into Bitcoin Ordinals, Unveils 'No Brainers' NFT Collection
Ezra Reguerra13 minutes agoSuperRare Expands into Bitcoin Ordinals, Unveils "No Brainers" NFT CollectionSuperRare Labs" Zack Yanger said being able to help artists connect with a new class of collectors is “a massive w
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial
Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next Year
Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next Year After Google Cloud announced that it would offer a product called the “Blockchai
New Crypto to Invest In as TradFi Investments Soar, Opening the Way for Another Bull Run
Este artículo también está disponible en español. Coinbase CEO Brian Armstrong recently suggested that the ‘floodgates are opening’ for TradFi firms to find the best
Derek Andersen2 hours agoAPEC finance ministers to share perspectives on crypto at meeting in San FranciscoU.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of
Robinhood crypto business slapped with SEC Wells notice
Zoltan Vardai11 hours agoRobinhood crypto business slapped with SEC Wells noticeThe SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells notice.5834 To
Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals
Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurr
7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miner’s Hoard
7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miner"s HoardJust recently the price of bitcoin jumped over the $9,000 per coin zone, but retracted bac
First Bitcoin Cash Developers Meeting of 2020 to Be Held Today
First Bitcoin Cash Developers Meeting of 2020 to Be Held Today Developers from Bitcoin ABC, Bitcoin Unlimited, BCHD, Bitcoin Verde and other teams, are meeting today to continue