Microsoft announced today its plan to acquire Activision Blizzard, a leader in game development and interactive entertainment content publisher, for a whopping $68.2 billion, all cash. That represents a 45% premium on the price of Activision’s shares closing past Friday.
To place this transaction into context, Microsoft’s previous largest deal to date was in 2016 when they acquired Linkedin for “only” $26.2 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 Chairman and CEO Satya Nadella.
Their goal with the acquisition? “To bring the joy and community of gaming to everyone, across every device,” they say.
It’s worth mentioning that Bill Gates made a powerful statement a few months back saying he expected metaverse meetings happening as soon as 2023-24.