Microsoft CEO Satya Nadella comments on Xbox’s Activision deal and the slowing economy

what you need to know

  • Microsoft is trying to buy Activision Blizzard for $69 billion.
  • Activision Blizzard makes popular games like Candy Crush, Call of Duty, and World of Warcraft.
  • Despite some regulatory jitters, Microsoft would still be a long way from overtaking its main gaming competitors, such as Sony’s PlayStation and Chinese tech giant Tencent.
  • Nadella also discussed Microsoft’s approach to weakening the economy amid rising inflation.

Microsoft is working to acquire Activision-Blizzard for its Xbox gaming division. The deal is valued at around $69 billion and would provide a big win for current shareholders, given that the valuation is much higher than Activision’s lagged share price.

Activision is known for games like Candy Crush Saga, World of Warcraft, Call of Duty, and many more. Throughout the company’s decades-long history, Activision has laid waste to a massive library of content over the years. Despite Activision’s impressive library, it has lost much of its user base in recent years due to stiff competition from the likes of China’s Tencent, which owns Riot Games. Activision has also had trouble retaining key personnel due to repeated scandalswhich has seen its share price struggle to recover.

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