EU Approves Microsoft’s $69 billion Acquisition Deal of Activision Blizzard - Breaking Techno News
EU Approves Microsoft’s $69 billion Acquisition Deal of Activision Blizzard – Breaking Techno News

What is Microsoft?

Microsoft is an American multinational technology company that develops computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 14 in the 2022 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world’s largest software maker by revenue as of 2022.

Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Windows. Microsoft’s initial public offering was held on March 13, 1986.

In the 1990s, Microsoft expanded its product line to include a variety of software products and services, including the Microsoft Office suite, the Internet Explorer web browser, and the Xbox video game console. The company also began to develop its own hardware products, such as the Microsoft Surface tablet computer.

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In recent years, Microsoft has focused on cloud computing and artificial intelligence. The company has invested heavily in building its cloud computing platform, Azure, and its artificial intelligence platform, Cortana. Microsoft has also acquired a number of companies in the cloud computing and artificial intelligence space, such as GitHub and Nuance Communications.

Microsoft is a major player in the global technology industry. The company has a strong presence in the personal computer market, the software market, the cloud computing market, and the artificial intelligence market. Microsoft is also a major employer, with over 100,000 employees worldwide.

Microsoft is a controversial company. The company has been criticized for its monopoly power in the personal computer operating system market, its aggressive business practices, and its labor practices. However, Microsoft is also a major force for innovation in the technology industry. The company has developed a number of products and services that have changed the way people work, play, and communicate.

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What is Activision Blizzard?

Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. It was founded in July 2008 through the merger of Activision, Inc. and Vivendi Games. It is traded on the Nasdaq stock exchange under the ticker symbol ATVI, and since 2015 has been a member of the S&P 500 Index.

Activision Blizzard is one of the largest video game companies in the world, with a portfolio of popular franchises including Call of Duty, World of Warcraft, Diablo, Overwatch, and Candy Crush. The company has over 10,000 employees and operations in over 30 countries.

In recent years, Activision Blizzard has been embroiled in a number of scandals, including allegations of sexual harassment and discrimination against female employees. The company has also been criticized for its handling of the COVID-19 pandemic, which has led to layoffs and other disruptions.

Despite these challenges, Activision Blizzard remains a major player in the video game industry. The company’s acquisition of Microsoft in 2022 is a sign of its continued growth and ambition.

Here are some of the most popular games developed by Activision Blizzard:

  • Call of Duty: A first-person shooter franchise that is one of the best-selling video game series of all time.
  • World of Warcraft: A massively multiplayer online role-playing game (MMORPG) that is one of the most popular online games in the world.
  • Diablo: An action role-playing game series that is known for its dark fantasy setting and hack-and-slash gameplay.
  • Overwatch: A team-based first-person shooter game that is known for its colorful characters and unique gameplay.
  • Candy Crush: A mobile puzzle game that is one of the most popular mobile games in the world.

Activision Blizzard is a major player in the video game industry and its games are enjoyed by millions of people around the world. The company has a long history of innovation and creativity, and it continues to be a leader in the development of new and exciting games.

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EU Approves Microsoft’s $69 billion Acquisition of Activision Blizzard:

The European Union on Monday approved Microsoft’s $69 billion acquisition of Activision Blizzard, the maker of popular video games like Call of Duty and Candy Crush. The deal, which was announced in January 2022, is the largest ever acquisition in the video game industry.

The EU’s approval comes after a review by the European Commission, which found that the deal would not substantially lessen competition in the European Economic Area. The Commission said that Microsoft’s competitors would still have a “significant” presence in the market, even after the acquisition.

The deal is still subject to approval by regulators in the United States and other countries. However, the EU’s approval is a major step forward for Microsoft and could help the company to become a leading player in the global gaming market.

The acquisition of Activision Blizzard will give Microsoft a major boost in its gaming business. The company will gain access to a library of popular games, including Call of Duty, World of Warcraft, and Diablo. Microsoft will also be able to use Activision Blizzard’s expertise in mobile gaming to expand its reach into that market.

The acquisition is also a sign of Microsoft’s commitment to the gaming industry. The company has been investing heavily in gaming in recent years, and the Activision Blizzard deal is a major step in its efforts to become a leading player in the market.

The deal is not without its critics, however. Some have raised concerns about the potential for Microsoft to use its market power to stifle competition. Others have expressed concern about the impact of the deal on workers at Activision Blizzard, which has been embroiled in a number of scandals in recent years.

Despite these concerns, the EU’s approval of the deal is a major victory for Microsoft. The company is now one step closer to becoming a major player in the global gaming market.

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