• Loading ...
  • Loading ...

Accommodation Singapore

Microsoft to buy Call of Duty maker Activision Blizzard for nearly $70bn

20 Jan 2022 By theguardian

Microsoft to buy Call of Duty maker Activision Blizzard for nearly $70bn

Accommodation Singapore introduces

Microsoft is to pay almost $70bn to buy Activision Blizzard, the publisher of mega franchises including Call of Duty, World of Warcraft and Candy Crush, in the biggest ever takeover in the tech and gaming sectors.

The deal comes after a tumultuous time for Activision Blizzard, which has 10,000 staff globally a market value of about $50bn and three $1bn gaming franchises, which has been affected by a string of allegations of sexual misconduct and discrimination.

On Monday, the company said that it had fired more than three dozen employees and disciplined another 40 since July last year to address the allegations.

Daniel Ives, a tech and media analyst at the US firm Wedbush, said that while a deal of such scale will naturally attract the attention of regulators, Microsoft will ultimately gain clearance as it is not under the same scrutiny and pressure as Silicon Valley rivals such as Facebook, Amazon, Apple and Google.

Gaming has been a pandemic winner as the lockdowns across the globe fuelled a boom in playing to alleviate boredom, which in turn has prompted a deal-making boom in the sector.

Last week, Take Two Interactive, the maker of hit video games including the Grand Theft Auto franchise, acquired Zynga, best known for its FarmVille and Harry Potter titles, in a $12.7bn deal creating a global console and mobile gaming giant.

More News

Musk says he could seek lower price for Twitter as he focuses on fake accounts
Musk says he could seek lower price for Twitter as he focuses on fake accounts
Elon Musk plans to ‘vote Republican’ and warns of political attacks on him
Elon Musk plans to ‘vote Republican’ and warns of political attacks on him
Elon Musk denies he sexually harassed attendant on private jet in 2016
Elon Musk denies he sexually harassed attendant on private jet in 2016
Crypto is starting to lose its cool – just look at El Salvador | Rowan Moore
Crypto is starting to lose its cool – just look at El Salvador | Rowan Moore
Elon Musk and Jeff Bezos have an unhealthy Twitter habit | John Naughton
Elon Musk and Jeff Bezos have an unhealthy Twitter habit | John Naughton
TikTok and tiaras: the youngsters leading a new generation of royalists
TikTok and tiaras: the youngsters leading a new generation of royalists
YouTube removes more than 9,000 channels relating to Ukraine war
YouTube removes more than 9,000 channels relating to Ukraine war
Ukrainian man loses life savings in ‘stablecoin’ crypto slump
Ukrainian man loses life savings in ‘stablecoin’ crypto slump
Baby formula shipment arrives from Europe, providing ‘some relief’ for US families
Baby formula shipment arrives from Europe, providing ‘some relief’ for US families
Arkansas Republican admits abortion trigger law would cause ‘heartbreak’ if Roe is reversed
Arkansas Republican admits abortion trigger law would cause ‘heartbreak’ if Roe is reversed
‘I’m not afraid’: after Buffalo racist attack, Black residents remain unbowed by terror
‘I’m not afraid’: after Buffalo racist attack, Black residents remain unbowed by terror
Shapiro: ‘Dangerous’ Republican rival Mastriano could override will of voters
Shapiro: ‘Dangerous’ Republican rival Mastriano could override will of voters
Biden says ‘everybody’ should be concerned about spread of monkeypox
Biden says ‘everybody’ should be concerned about spread of monkeypox
Ukrainian boy and his family leave cellar after 87 days for safety abroad
Ukrainian boy and his family leave cellar after 87 days for safety abroad
Syria’s barrel bomb experts in Russia to help with potential Ukraine campaign
Syria’s barrel bomb experts in Russia to help with potential Ukraine campaign
Ukraine rules out any ceasefire deal that involves ceding territory to Russia
Ukraine rules out any ceasefire deal that involves ceding territory to Russia
Grand Bahama Looks To Rebirth As Grand Lucayan Resort Gets New Owners
Grand Bahama Looks To Rebirth As Grand Lucayan Resort Gets New Owners
Israel Lifts Testing Requirements for International Travelers
Israel Lifts Testing Requirements for International Travelers
CDC Updates US Travel Guidance with New Recommendations
CDC Updates US Travel Guidance with New Recommendations
Cayman Islands Resumes Ship Calls Via FCCA Cruise Group Pact
Cayman Islands Resumes Ship Calls Via FCCA Cruise Group Pact

copyright © 2022 Accommodation Singapore.   All rights reserved.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z