Microsoft to buy Activision Blizzard in $68.7 billion deal
finance.yahoo.com
Microsoft's offer of $95 per share is at a premium of 45% to Activision's Friday close. Shares of Activision were up nearly 38% at $65.39 before being halted for news. "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," Microsoft Chief Executive Officer Satya Nadella said in a statement https://news.microsoft.com/2022/01/14/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device.
  • FlakesBongler [they/them]
    ·
    3 years ago

    For real

    People who got enraged over EA buying all the smaller developers and then shuttering them when they didn't sell billion dollar birthday games are cheering this on like it's any different

    ProTip: It ain't

    • Esoteir [he/him]
      ·
      3 years ago

      :sicko-hyper: oh no microsoft don't shut down activision no please no im shitting and farting

      • FlakesBongler [they/them]
        ·
        3 years ago

        Shit, on one hand I agree with this

        But in principle I don't think a bunch of devs who are working towards unionizing should be fired

        • Esoteir [he/him]
          ·
          3 years ago

          i mean the purchase is a bad thing for everyone that's not microsoft/activision management but at least if activision goes under after being bought by microsoft it's a net win for the rest of humanity (obv if activision workers manage to unionize that changes this)

          it probably has completely fucked the unionization effort, but maybe one last big shot at PR spotlight will let them do something cool before it's over, considering the giant whirlwind of shit microsoft just purchased and will want to immediately start sweeping under the rug

    • CyberSyndicalist [none/use name]
      ·
      3 years ago

      It is different though. Microsoft killed those studios when they were legitimately terrified of anti-trust. In our current state of contradictions however there is literally no pretense of capital being restrained. Microsoft is also no longer the top dog in technology and afraid that facebook and valve will beat it in VR like it missed the boat on mobile (VR won't actually be a game changer like mobile but tech bros are convinced it will be).