CEO: Last News

Microsoft to acquire Activision Blizzard

With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment.Today, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc.

(Nasdaq: ATVI), a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash.

When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush,” in addition to global eSports activities through Major League Gaming.

The company has studios around the world with nearly 10,000 employees.Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Satya Nadella, chairman and CEO, Microsoft.

CEO reports Mobile
www.newsfirst.lkwww.newsfirst.lk

CEO: Main News

With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment.Today, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc.
The Recording Academy announced Tuesday that the Grammy Awards have been rescheduled for April 3 in Las Vegas.The Academy made the announcement in a message to its members and later shared the news with the general public on social media.The ceremony was originally scheduled for January 31, but it was postponed two weeks ago due to soaring COVID-19 rates brought on by the highly infectious Omicron variant. New date and place: The Recording Academy announced Tuesday that the Grammy Awards have been rescheduled for April 3 in Las Vegas; Beyoncé seen winning Best R&B Performance at the 2021 Grammy Awards in LAThe new show will also have a change of location, as it was originally planned to go on in Downtown Los Angeles at the Crypto.com Arena (formerly known as the Staples Center).The show will now be broadcast from the MGM Grand Garden Arena in Vegas.

Related News