IT Developer Activision Bliss – Microsoft’s Largest Acquisition for IT $ 68.7 Billion

Microsoft will make the largest acquisition in its history and acquire the popular American game developer Activision Blizzard for topics such as “Call of Duty”. The reported amount is $ 68.7 billion, the largest acquisition ever made by Microsoft: the acquisition of LinkedIn in 2016 for $ 26 billion. Microsoft has a market capitalization of more than $ 2.3 trillion.

It’s the biggest gaming move Microsoft has ever made, and if the acquisition gets all the approval, it will become the third largest video game maker in the world based on Redmond after Tencent and Sony.

Once the purchase is complete, Microsoft wants to add as many Activision games as possible to its portfolio of Xbox Game Pass with 25 million users. Microsoft has acquired game studios to make Xbox GamePass content as enjoyable as possible, but the current move is very important. Microsoft console owners can play games like Warcraft, Diablo, Overwatch, Call of Duty and Candy Crush.

Activision Blizzard was founded in 2008, with nearly 10,000 employees and an annual revenue of $ 8 billion. It is headquartered in Santa Monica, California. The company was founded 14 years ago by Activision, Inc. And created from a combination of Vivendi Games.

The company, popular for topics such as Candy Crush and the World of Warcraft, has been at the center of a scandal over the past few weeks in handling allegations of sexual harassment of employees.

Activision Blizzard has a market capitalization of $ 50 billion, up from $ 45 billion in early December. In February 2021, when market capitalization crossed $ 80 billion in a short period of time, the stock reached an all-time high.

There are many scandals within the activism associated with the most unhealthy culture, with allegations of sexual harassment and gender discrimination. In November, the Wall Street Journal lost 10% of its value, and CEO Bobby Kodik had been aware of the most serious allegations for years, but did not inform the board. For example, an employee complained in 2016 that she had been raped by a high-ranking official.

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Amid allegations and cover-ups, Activision shares have fallen 30 percent in the past six months.

Microsoft has an annual revenue of over $ 160 billion and more than 180,000 employees.

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