August 14, 2022

Microsoft released a brief note about the acquisition of Activision Blizzard in its financial report

Since January 18 this year, the theme Acquisition of Activision Blizzard He is always on the news sites, not for the least, after all he is The biggest purchase in Microsoft history for nearly $70 billion. Since it is such a huge thing, the bureaucratic process of approval is also huge.

In Microsoft’s fourth-quarter financial report, we had a few words about this business. Microsoft said again that a file metaverse It represents a great opportunity to invest billions of dollars. So imagine an interactive digital world that merges web browsers, social media and gaming platforms into one. It’s a dream come true for companies like Microsoft, which generate billions annually from advertising, licenses, and video games.

This capability is why Microsoft is investing in the metaverse. The plans aren’t concrete yet, but the company has confirmed that it will use its $68.7 billion Activision-Blizzard purchase to fuel its metaverse strategies.

Below, check out Microsoft’s latest words on the subject:

Activision Blizzard is a leading game developer and publisher of interactive entertainment content. Acquisition It will accelerate the growth of our gaming business on mobile, PC, console, and the cloud and will provide the building blocks for metaverse‘, Microsoft said in a file 10-K Filing SEC Filing.

The deal has been approved by the company’s shareholders and Microsoft expects the deal to close by the end of fiscal year 2023 (if it remains uncontested or is blocked by the Federal Trade Commission), but that’s a conservative estimate. The FTC may approve the agreement in 2022. The approval process is now underway and Microsoft has recently submitted the necessary documents.

Meanwhile, Microsoft has set a record for $16.2 billion With Xbox Games in FY22. The Xbox Ecosystem, Products, and Services Xbox is booming Even without metaverses.