Washington: Towards the year 2021, 2022 is also on the path of becoming vigorous in terms of corporate deals. The biggest deal of the gaming sector is going to happen at the beginning of the year itself. Microsoft is going to buy Activision Blizzard, the maker of the popular games “Candy Crush” and “Call of Duty”.
This deal is going to be done for $ 68.7 billion (about Rs 5 lakh crore). This deal will be completely in cash. This will be the biggest deal in the gaming sector so far. With this deal, Microsoft, which made “Xbox”, will become the third-largest gaming company in terms of revenue.
Deal at 45 percent more than the current price
Microsoft has offered to buy gaming company, Acquisition Blizzard, at a price of $95 per share. This rate is 45 percent more than the current price of Acquisition Blizzard. Shares of Acquisition Blizzard were trading 38 percent higher at $65.39 on Tuesday.
Microsoft Chief Executive Officer (CEO) Satya Nadella said in a statement, “Gaming is the most dynamic and exciting category of entertainment across all platforms today and will play a key role in the growth of the Metaverse platform.” After the Corona epidemic, there has been a huge jump in the demand for video games. Due to the epidemic, users trapped in homes have started playing games for more time to entertain themselves.
More games on the Xbox gaming platform
For years, exclusive games have been coming to Sony’s PlayStation in gaming, which has dominated its market. However, after this deal, popular games like “Call of Duty” and “Overwatch” will be added to Microsoft’s Xbox gaming platform, which will give it a business edge. The company said that Bobby Kotick will continue to serve as the CEO of Activision Blizzard after this deal.
Last week, Take-Two Interactive Software Inc., another videogame maker, announced that it was buying “FarmVille” game maker Zynga in a deal worth $11 billion.
