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Microsoft will Purchase Activision Blizzard to Pursue Metaverse Gaming Projects

Microsoft will Purchase Activision Blizzard to Pursue Metaverse Gaming Projects

One of the largest tech companies Microsoft will be purchasing Activision Blizzard and its game franchises to build a metaverse gaming platform. 

With terms like blockchain gaming and play-to-earn being thrown around social media, game development magnates and tech giants seem to be nearing metaverse integration. On January 18, Microsoft News announced that plans for the purchase of Activision Blizzard are in motion.

The acquisition price is said to be $68.7 billion in total, with $95 per share.

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CEO of Microsoft Gaming Phil Spencer spoke on the deal with Activision and believes that the collaborative efforts of both companies will revolutionize the gaming industry. He stated:

"Together we will build a future where people can play the games they want, virtually anywhere they want."

If the deal goes through, Microsoft will further increase its relevance in the gaming industry, and "provide building blocks for the metaverse." The acquisition will feature the most famous game franchises including Diablo, Overwatch, Call of Duty, Warcraft, and Candy Crush.

Satya Nadella, Chairman and CEO of Microsoft, talked about how the company is heavily investing in the "new era of gaming" where people can participate in gaming activities at any place they desire, stating:

"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."

With both Microsoft and Activision boards already having approved the acquisition, the deal is expected to go through sometime in 2023. 

P2E games have seen immense growth and success in 2021, reaching 2.32B in revenue. However, the following years for blockchain gaming seem to be even more exciting with large tech companies stepping into the metaverse.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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