Right after the Activision blizzard announcement, Microsoft Satya Nadella is that the gaming platforms will play a major role in the development of all the metaverse platforms. The company of Microsoft is all set to acquire Activision Blizzard Inc. for about 69 billion dollars to enhance the metaverse and gaming segment. Activision Blizzard is the platform that is home to numerous iconic gaming franchises like- candy crush, World of Warcraft, overwatch, call of duty, and Pro Skater. This deal has been followed by the addition of the Microsoft Xbox game pass service, which currently has 25 million subscribers.
According to the January 18th announcement on behalf of Microsoft, this gaming form will acquire the activation blizzard for 95 dollars in each share which comes to a total valuation of 68.7billion dollars. This financial deal is all set to see closure in 2023, and Microsoft will become the third-largest gaming company in revenue. Additionally, it will secure a position behind PlayStation developers Sony and Tencent-Riot Games Owner.
Microsoft has outlined the acquisition, and it will support the enhancement of its services across various platforms like cloud gaming, console, mobile, and PC. It has also declared that the acquisition will be the building block for the metaverse. In the entertainment industry, gaming is an exciting segment across all platforms. Therefore it will play a major role in developing the entire metaverse forum. Microsoft declared as a part of the acquisition that the Activision blizzard CEO would be in a stable position until the deal sees closure. Even have to be there till the entire controlling handed over to the gaming CEO of Microsoft, Phil Spencer. He also welcomed the deal with a blog post and stated the importance of the company, which is working to make cloud gaming quickly accessible on as many devices as possible.
Even though the metaverse segment has come across some backlash from various segments of the gaming community, he still wants to move forward with the project. There are numerous fantastic franchises out there accelerating the plans for cloud gaming. Being done so that gamers all across the globe can participate in the Xbox community using laptops, tablets, phones, and other devices.
November was the month when Nadella revealed the metaverse plan of Microsoft with the up-gradation of its Teams service. It was brought up with the product known as the dynamics 365 connected spaces. This upgrade for the Teams members is all set to give personalized digital avatars to the users and a digital universe space to meet in the metaverse by the end of 2022.
They Will soon integrate the Metaverse features and collaborate with the Xbox gaming consoles; it will be appealing to the eyes to see the change. As for now, there is no concrete plant regarding the specific details. Spencer also noted that if the community joins hands with Microsoft metaverse, it will also eliminate all sorts of fraudulent and nefarious activities. The content will come under strict surveillance, and therefore, one cannot see any malicious content.
Last week, Wall Street Journal said that about 100 employees from the augmented reality team of Microsoft had left the company to join Facebook metaverse, a clear competitor of Microsoft.
This may be another reason why Microsoft is changing its strategies and inclining towards the augmented reality system.