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.
  • 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).