Microsoft is buying video game maker Activision Blizzard. Activision CEO Bobby Kotick, Microsoft Gaming CEO Phil Spencer discuss the deal, the metaverse and more.
's stock fell less than 1%. This would be Microsoft's largest acquisition to date, followed by its purchase of LinkedIn in 2016 for $26.2 billion.
Under the deal, Activision CEO Bobby Kotick, who has faced calls to resign over the cultural problems within his company, will remain CEO during the transition. Microsoft said Activision as a company will report to Microsoft's Xbox boss Phil Spencer after the deal closes, implying Kotick could depart after the transition. Microsoft said it expects to close the deal in its fiscal 2023. However, U.S.
"When we think about our vision for what a metaverse can be, we believe there won't be a single, centralized metaverse," Nadella said on a call Tuesday morning where he discussed the deal. That means Nadella sees an opportunity for many software makers to create many different virtual worlds in the future, instead of one dominant company controlling most of the activity.
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