Microsoft is acquiring the gaming company, Activision Blizzard, for a total of $68.7 billion. Microsoft now has access to blockbuster games such as “Call of Duty”, “Candy Crush” and “Overwatch”. This all-cash deal will let the maker of the Xbox gaming system accelerate mobile gaming and provide building blocks for the metaverse, or a virtual environment.
This news Tuesday comes with Activision still in turmoil over allegations of misconduct and unequal pay. In a conference call with investors, Microsoft CEO Satya Nadella said “the culture of our organization is my number one priority… It’s critical for Activision Blizzard to drive forward on its commitments to improve its workplace culture.”
Activision had to disclose last year that it was being investigated by the Securities and Exchange Commission. The deal comes after Microsoft’s $7.5 billion acquisition last year of ZeniMax Media. They are the parent company of video game publisher Bethesda Softworks, which made popular games like The Elder Scrolls and Doom.
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