Microsoft has made the largest tech deal in history with its acquisition of Activision Blizzard.
The company purchased game developer Activision Blizzard, for $US69 billion ($A96 billion).
This deal is the highest price ever paid by a U.S tech company in an acquisition.
Previously the biggest deal was when Dell purchased EMC for $US67billion ($A93billion) in 2016.
As previously reported by B&T, Activision Blizzard has been in the midst of serious scandals for months.
However, this didn’t deter Microsoft’s acquisition of the Call of Duty and World of Warcraft game creators.
In a statement, Microsoft said, “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.”
However, this mega-deal still has to be approved by Activision’s shareholders and more importantly regulators.
Microsoft has a current market valuation of $US2.3 trillion ($A3.2 trillion) and will pay approximately 3 per cent of its market cap for Activision.
On the merits of the deal, Piper Sandler analysts noted, “Gaming and advertising represent two segments that combined represent an incremental $1 trillion share gain opportunity for Microsoft longer-term.”
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