Microsoft Makes The Biggest Tech Deal In History After Snaring Activision Blizzard

Microsoft Makes The Biggest Tech Deal In History After Snaring Activision Blizzard
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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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