Buy Out 🎮
Just yesterday we discussed Walmart’s plans to move into the Metaverse, as well as the list of companies that already have. Today, we will once more be adding to that list with none other than the technology giant Microsoft entering the space. Microsoft has acquired Activision in a $68.7 billion all-cash deal. Activision is an American video game publisher known for some of the most popular games of the past two decades like Call of Duty and Tony Hawk’s Pro Skater. Although the acquisition – set to be complete in 2023 – has been started, there’s’ some chance the deal crumbles under government review. This comes as U.S. regulators have made it clear they will be far more aggressive in evaluating mega-acquisitions (especially those in tech).
The acquisition also came at a surprise for most as Activision has been embroiled in a host of legal battles concerning top executives and their personal conduct. For Microsoft, the move brings them one step closer to competing with Meta (formerly Facebook) in the VR world. The CEO of Microsoft has himself affirmed the value of the metaverse, explaining “When we think about our vision for what a metaverse can be, we believe there won’t be a single, centralized metaverse.” Despite this vision, Microsoft remains without their own VR set to rival the Meta’s Oculus quest series.
What do you think about Microsoft’s acquisition of Activision? And could we see them making some new VR games for the Metaverse?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.