Microsoft to become World’s Third-largest Gaming Company by revenue

Microsoft is already one of the leading companies in the booming e-sport field. To strengthen the grip in the gaming industry, which is growing exponentially day-by-day with the interactive engagement of new generation people, Microsoft Corp. acquires Activision Blizzard Inc. In case you are not aware, Activision Blizzard is a leader in game development and interactive entertainment content publisher. Candy Crush and the most popular battleground, Call of Duty are the two well-known franchises from Activision.

Microsoft acquires 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 company has studios around the world with nearly 10,000 employees.

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.

MicrosoftGamingGLT 118 Microsoft to become World's Third-largest Gaming Company by revenue

“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,” said Satya Nadella, chairman and CEO, Microsoft. “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.”

“Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them,” said Phil Spencer, CEO, Microsoft Gaming. “Together we will build a future where people can play the games they want, virtually anywhere they want.”

“For more than 30 years our incredibly talented teams have created some of the most successful games,” said Bobby Kotick, CEO, Activision Blizzard. “The combination of Activision Blizzard’s world-class talent and extraordinary franchises with Microsoft’s technology, distribution, access to talent, ambitious vision and shared commitment to gaming and inclusion will help ensure our continued success in an increasingly competitive industry.”

In the end, this step will highly impact the mobile gamers as well as the subscribers of Microsoft’s Game Pass.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Microsoft

How Much is Microsoft Net Worth in 2025?

Microsoft Net Worth in 2025 - All You Need to Know Microsoft, a stalwart in the technology industry,...
Product Keys for Office 365

Product Keys for Office 365: Complete List of Keys...

Key Points It seems likely that product keys for Office 365 are used to activate the software, especially...

Microsoft’s Largest R&D Hub Outside Redmond Coming to Noida...

Uttar Pradesh Chief Minister Yogi Adityanath today laid the foundation stone for Microsoft’s new 15-acre India Development...
Microsoft’s $13 Billion OpenAI Investment Gets Green Light from UK Watchdog

Microsoft’s $13 Billion OpenAI Investment Gets Green Light from...

In a major win for Microsoft, the UK’s Competition and Markets Authority (CMA) has officially cleared the...

Microsoft May Discontinue Skype in May 2025, Push Users...

Microsoft appears to be preparing to phase out Skype. In the latest preview of Skype for Windows,...

LATEST NEWS

UEFA Europa League 2024-25: Lyon vs Manchester United – Preview, Prediction and Where To Watch The Match LIVE 

Can Ruben Amorim’s men land the opening punch in their UEFA Europa League quarter-final clash? Here’s our preview and prediction for Thursday’s first leg...

IPL 2025: Sudharsan, Prasidh Help The Titans Dismantle Royals to Go Top of IPL Table

B Sai Sudharsan and Prasidh Krishna once again rose to the occasion for Gujarat Titans (GT), guiding their team to a commanding 58-run victory...

Inside Declan Rice’s Free-Kick Masterclass Against Real Madrid

Arsenal’s 3-0 triumph over Real Madrid in the Champions League wasn’t just historic—it was magical. Central to the unforgettable night was Declan Rice, who...

IPL 2025: RCB vs DC – Preview, Prediction, Starting XI and Where To Watch The Match LIVE?

Royal Challengers Bengaluru (RCB) will take on Delhi Capitals (DC) in Match 24 of IPL 2025 at the M Chinnaswamy Stadium on Thursday, April...

Featured