In what will clearly be the biggest acquisition in the history of the gaming industry, Microsoft has confirmed that it will acquire Activision Blizzard for $68.7 billion. To make the jaw-dropping amount easier to fathom, know that the deal stands worth about Rs 5,12,000 crore or Rupees five lakh twelve thousand crores in Indian currency.
The all-cash deal has been announced by Microsoft today, following which Microsoft's gaming division Xbox and Activision have both announced plans of working together for future games. In its note, Microsoft states that it will become "the world’s third-largest gaming company by revenue" once the transaction closes. This will put it right behind Tencent and Sony.
For those unaware, Activision Blizzard is the parent firm of Activision, a US-based video game developer responsible for iconic titles like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush.” Owing to the titles and regular eSports activities conducted by it, Activision is hugely popular among the gaming fraternity.
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