What you need to know about the $ 69 billion deal: Technology News, First Post – Quick Topic

Microsoft is making history after announcing the acquisition of Call of Duty maker Activision Blizzard for $ 68.7 billion in the big gaming industry deal on Tuesday.

The deal will be Microsoft’s largest ever and record-largest cash purchase.

Here’s what you need to know about record-keeping:

The $ 68.7 billion full-fledged deal makes the Xbox game system maker Microsoft one of the world’s largest video game companies.

The deal makes the Xbox maker the third largest gaming company in the world, after China’s Tenent and Japan’s PlayStation Games console maker.

Announcing the acquisition, Microsoft CEO Satya Nadela said, “Gaming is the most dynamic and exciting category in entertainment today and plays a key role in the development of dynamic platforms.”

For those of you who don’t know, Activision is known for its popular games like Call of Duty and Tony Hawk Pro Scatter. A.D. Launched by former Atari Inc. employees in 1979, Activision created or acquired some of the most popular video games from the Pitfall to Guitar Hero and the World Warka franchise in the 1980s.

Ann Associated Press If the deal survives an investigation by US and European regulators in the coming months, it could be one of the biggest technological acquisitions in history, the report said. Dell bought data storage company EMC in 2016 for $ 60 billion.

The agreement comes at a time when activism is rife with allegations of sexual harassment, abuse and discrimination in the workplace. Last year, the Securities and Exchange Commission (SEC) was investigating allegations of workplace discrimination and allegations made by U.S. labor discrimination regulators in September.

The California Civil Rights Agency sued the Santa Monica-based company in July, citing the “frat boy” culture as a “breeding ground for violence against women.”

According to a press release issued by the acquisition, controversial activist Blizzard CEO Bobby Cotic will continue in office.

Bigger deal than LinkedIn

Microsoft’s previous major acquisition of LinkedIn in 2016, which cost more than $ 26 billion.

CNBC.com At the time of the LinkedIn ad, Microsoft reported that it was worth about $ 400 billion, so the purchase was about 6.5 percent of the market cap.

Today, Microsoft is worth about $ 2.3 trillion and is paying only 3% of its market capitalization.

With the resources of the agencies

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