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Microsoft buys Activision Company for $79 billion

 Microsoft buysActivision Company for $79 billion

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The contract allows Microsoft, the Xbox owner, to join the mobile gaming market as well as the future metaverse projects.

Call of Duty, StarCraft, Candy Crush, and other well-known properties are all part of Activision Blizzard. With such a diverse lineup, Microsoft is able to attract a wide range of people, from casual gamers to esports fans.

Kotick will continue to lead Activision Blizzard as CEO, according to the press statement. "Once the purchase is completed, the Activision Blizzard company will report to Phil Spencer, CEO of Microsoft Gaming," according to the press release.

Microsoft reiterated that Kotick will remain CEO for the time being, but that following the transfer, Activision Blizzard will report to Phil Spencer, CEO of Microsoft Gaming.

Microsoft CEO Satya Nadella seemed to refer to Activision Blizzard's reputation, stressing the necessity of building a safe and equitable working atmosphere. "We'll have a lot of work to do after the closure to continue to develop a culture where everyone can perform their best job," Nadella said.

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