Do you know Microsoft has bought Activision Blizzard for $68.7 billion with an eye on capturing the metaverse? After the Call of Duty maker fired many people found complicit in sexual harassment, the offer came as a respite for their struggling executives. Although the takeover comes at a premium price, it can be a significant powerplay in the battle for the metaverse. However, in the short term, the deal has immediately started influencing the share price of Sony, which is always in a never-ending console battle with Microsoft.
Right after Microsoft’s announcement, the price of Sony’s share fell 9%. No one knows for sure how it will impact Sony’s popular gaming platform PlayStation and its competition with Microsoft’s Xbox.
Such a massive deal by a massive player in the IT world always has some long-standing and far-reaching impacts. Below are some immediate effects and implications of Microsoft’s deal:
Conclusion
After acquiring Activision Blizzard, Microsoft has immediately become a top contender in the metaverse and NFT universe. The deal has a far-reaching impact and might have a bearing on the prices of many cryptocurrencies. Even more importantly, it will have a considerable say in the battle of the consoles: Microsoft’s Xbox vs. Sony’s PlayStation.
As gaming influences a large section of millennials and Gen Z, who are the prime consumers of the metaverse, Microsoft’s expensive takeover can be a step in the right direction. It is a decisive action that might see them take a stranglehold over the metaverse and console gaming.
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