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Microsoft acquires another enormous gaming company, the monopoly continues to grow as sony strives for its next power play, console wars are at their height, nintendo: peak.twitter.com/adjlrmqzly— colin (@introspecktive) on january 18, 2022the wall street journal reported last week that 100 employees of microsoft's augmented reality team have left the company in the last year to join metaverse rival meta (facebook)..
Activision blizzard is home to a long list of iconic game franchises such as the call of duty, overwatch, treats, world of warcraft and Tony Hawk's pro-skater. After the agreement, its games are set to be added to the game pass service of Microsoft Xbox which has 25 million subscribers.
According to a Jan. 18 announcement from Microsoft, the firm will acquire Activision Blizzard for $95.00 per share at a valuation of $68.7 billion. The agreement is expected to be in the 2023 fiscal year, and it will see microsoft become the third largest gaming company in terms of income behind tencent riot gaming owner and sony playstation developer.
Together with @ATVI_AB, we will usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive, and accessible to all. https://t.co/fF2Ig3gSfx
— Satya Nadella (@satyanadella) January 18, 2022
Https://t. co/fF2Ig3gSfx — Satya Nadella (@satyanadella) Jan 18, 2022. Microsoft CEO and chairman Satya Nadella said:
“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 CEO and chairman Satya Nadella said: “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.”
Spencer welcomed the deal via an Xbox blog post and emphasized the company is working to make cloud gaming accessible on as many devices as possible. He did not mention metaverse or nfts however, sectors that saw a negative reaction from some sections of the gaming community.
"the fantastic franchises through blizzard activision will also speed up our plans for cloud gambling, enable more people in more places in the world to participate in the xbox community by using phones, tablets, laptops and other devices you already have,' wrote spencer.
Some sentiments I’ve heard from Activision Blizzard employees today:
- Optimism about management changes and the positive culture at several Xbox-owned studios
- Fury toward Microsoft for giving Bobby Kotick a big payday and soft exit
- Determination to keep organizing
— Jason Schreier (@jasonschreier) January 18, 2022
In November, Nadella first unveiled Microsoft’s Metaverse plans via an upgrade to its “Teams” service and a product called “Dynamics 365 Connected Spaces.” In November, Nadella unveiled Microsoft's Metaverse plans by upgrading its "Teams" service and a product called "Dynamics 365 Connected Spaces."
Nadella also said at the time that people can "absolutely expect" to see Microsoft embed metaverse capabilities with Xbox gaming consoles.
Related: NFT-focused Animoca Brands valued at $5B following $358M raise
It is unclear if Microsoft’s Metaverse play for Xbox will include the introduction of NFTs, with Spencer stating in November that he felt the experimentation happening in NFTs was more “exploitative than about entertainment."
Related: animoca-based nft rated at $5b after $358m raiseit is not clear if microsoft's game metaverse for xbox will include the introduction of nfts, with spencer stating in november that he felt that the experimentation that was going on in nfts was more "exploitive than on entertainment."
It is not clear whether microsoft's metaverse game for xbox will include the introduction of etfs, with spencer stating in november that he felt that the experimentation happening in free trade agreements was more "exploitation than entertainment."
Meanwhile, at Nintendo: pic.twitter.com/adJlrMQZLY
— Colin (@IntroSpecktive) January 18, 2022
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).
