Saturday, September 30

Crypto Biz: Microsoft Enters the Metaverse, Jan 14-20 By Cointelegraph

©Reuters. Crypto Biz: Microsoft enters the metaverse, January 14-20

There’s a new metaverse player in town. Microsoft (NASDAQ:), the world’s second-largest company by market capitalization, announced earlier this week that it had acquired Activision Blizzard (NASDAQ:) for $95 a share in a deal expected to close in fiscal 2023. Microsoft will use the video game giant to focus on the virtual worlds of the metaverse.

This week’s Crypto Biz explores Microsoft’s purchase of Activision, the new partnership between Coinbase (NASDAQ:) and Mastercard (NYSE:), and the latest funding news from the crypto world. For the full roundup of business news from the past week, sign up below for the full newsletter every Thursday.

Microsoft enters the metaverse with purchase of Activision It’s no secret that Microsoft has been considering entering the metaverse ever since Mark Zuckerberg renamed Facebook (NASDAQ:) Meta. The company found its perfect entry this week by acquiring video game giant Activision Blizzard for $68.7 billion. Satya Nadella, who has been CEO of Microsoft since 2014, described video games as playing a “key role in the development of metaverse platforms.” Activision is behind some of the world’s most iconic video game franchises, including Call of Duty, World of Warcraft, and Tony Hawk’s Pro Skater.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.