June 29, 2022

U.S tech giant Microsoft is expected to buy the gaming company Activision Blizzard in a deal worth $68.7bn (£50.57bn).

If the deal goes through as its expected schedule in 2023, it would be the biggest acquisition in the company’s history.

The move will lead Microsoft to take ownership of gaming franchises such as Call of Duty, Warcraft Overwatch and Candy Crush.

According to reports, the tech giant is claiming that the deal will help them grow their gaming business across mobile, PC and consoles along with providing building blocks for the metaverse.

This deal also comes a year after it had bought another influential gaming company Bethesda for $7.5bn.

According to the chairman and CEO of Microsoft Satya Nadella, they are 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.

The gaming company on the otherhand is known to have studios around the word with nearly 10,000 employees. It also has nearly 400 million monthly active players in 190 countries and billion-dollar franchises.

Reports suggest that it has been dealing with accusations of a toxic work-place culture and claims of sexual harassment in recent months.

The tech giant also mentioned that they are working to bring Activision Blizzard games to their Game Pass subscription service.

According to market reports, the PlayStation 5 is currently outselling Microsoft’s latest generation of consoles.

Some argued that the same is down to the fact that in recent years Sony’s machines have had more appealing exclusive titles, games that can’t be played on a variety of devices.

However, it is not yet clear if Activision Blizzard games will become exclusive to Xbox, as at the moment its games can be played on both Microsoft and Sony consoles.