• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Microsoft takes its Metaverse dreams a step further with the acquistion of activision

Ajibola Akamo by Ajibola Akamo
January 19, 2022
in Markets
Microsoft office

Microsoft takes its Metaverse dreams a step further with the acquistion of activision

Share on FacebookShare on TwitterShare on Linkedin

Microsoft, American’s leading multinational technology corporation that produces computer software, consumer electronics, personal computers, and offers other services, announced plans to acquire gaming giant Activision Blizzard for $69 billion, as part of a move to ramp up its gaming and Metaverse plans.

Activision Blizzard is home to a long list of iconic gaming franchises such as Call of Duty, Overwatch, Candy Crush and World of Warcraft. Following the deal, its games are set to be added to Microsoft Xbox’s Game Pass service that has 25 million subscribers.

Microsoft outlined that the acquisition will support the growth of its services across mobile, PC, console and cloud gaming, and also notably stated that it will “provide building blocks for the Metaverse.”

RelatedStories

Microsoft Corporation

Microsoft to lay off 9,000 workers globally in second wave of job cuts in 2025 

July 2, 2025
Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

June 12, 2025

What you should know

Microsoft CEO and chairman Satya Nadella said this in the announcement; “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. 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.”

In November, Nadella first unveiled Microsoft’s Metaverse plans via an upgrade to its “Teams” service and a product called “Dynamics 365 Connected Spaces.” The “Mesh” upgrade for Teams is set to introduce personalized digital avatars and immersive spaces to meet in the Metaverse later this year.

Nadella affirmed that people can “absolutely expect” to see Microsoft integrate Metaverse features with the Xbox gaming consoles but didn’t divulge any concrete plans or specific details.

The announcement from Microsoft reveals that the firm will acquire Activision Blizzard for $95.00 per share at a valuation of $68.7 billion and the deal is set to close in the 2023 fiscal year. It reads, “Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.”

The deal will see Microsoft become the third largest gaming company in terms of revenue behind Riot Games owner Tencent and PlayStation developer Sony.

The announcement reveals that Bobby Kotick will continue to serve as CEO of Activision Blizzard. It reads, “Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.”

Phil Spencer welcomed the deal and had this to say, “Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them. Together we will build a future where people can play the games they want, virtually anywhere they want.”

Although good news, there is a cause for concern. The Wall Street Journal reported that the CEO of Activision Blizzard knew about the sexual misconduct in his company but did not act. This caused over 2,000 employees to resign from the company in the past year and over 1,000 signed a petition for Bobby Kotick, the CEO of Activision Blizzard to resign.

There is also news of pouching of Microsoft employees. The Wall Street Journal reported last week that 100 employees from Microsoft’s augmented reality team have left the company over the past year to join metaverse competitor Meta (Facebook)

Microsoft trades $302.65, down 2.43% as at yesterday’s close. It is however up by 0.20% in pre-market skirmish.

Tags: Activision BlizzardBobby KotickmetaverseMicrosoft
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Microsoft Corporation
Sectors

Microsoft to lay off 9,000 workers globally in second wave of job cuts in 2025 

July 2, 2025
Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 
Companies

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

June 12, 2025
Billionaire Musk’s xAI, Nvidia join Microsoft’s $30 Billion AI Infrastructure fund 
Sectors

Billionaire Musk’s xAI, Nvidia join Microsoft’s $30 Billion AI Infrastructure fund 

March 19, 2025
Microsoft warns crypto users of StilachiRAT malware targeting wallets
Cryptos

Microsoft warns crypto users of StilachiRAT malware targeting wallets

March 18, 2025
Microsoft to shut down Skype in May, urges users to migrate to Teams 
Sectors

Microsoft to shut down Skype in May, urges users to migrate to Teams 

February 28, 2025
Microsoft Corporation
Sectors

Microsoft announces $1 million investment to train one million Nigerians in AI skills 

February 19, 2025
Next Post
CBN Governor, Godwin Emefiele

CBN says services and agricultural sectors surged amid industrial sector dip in Q3 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards
  • United States appoints Rick Swart as new Consul General to Southern Nigeria 
  • Survey: Over 62% of Nigerians want interest rates lowered ahead of MPC meeting 

Follow us on social media:

Recent News

Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards

Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards

July 19, 2025
New U.S. Consul General arrives in Lagos 

United States appoints Rick Swart as new Consul General to Southern Nigeria 

July 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics