In a move that is sending shockwaves throughout the gaming space, Microsoft has laid plans to purchase the video game development studio: Activision Blizzard
Microsoft plans to buy major games company Activision Blizzard in a deal worth $US68.7 billion
It would be the biggest acquisition in the company’s history and is expected to be finalised next year.
The move means Microsoft will take ownership of gaming franchises like Call of Duty, Warcraft and Overwatch and will provide building blocks for the metaverse.
The deal comes with a slew of popular franchises both old and new, meaning more exclusivity in favour of Microsoft and their Xbox Game pass subscription service.
Think Netflix – for gaming.
Activision Blizzard has in recent months seen a concerning pattern of allegations and lawsuits. With several issues afflicting the company in relation to employee treatment, sexual harassment and, a quote “frat boy culture” which ravaged the reputation of the popular studio.
Enraged employees staged walkouts in response to the poor conditions and lack of leadership surrounding these issues last year.
Microsoft’s takeover sees an important opportunity present itself for the company as they will now need to improve the culture dramatically.
This trend of developer acquisition has seen the gaming space evolve from the traditional “console wars” of the 90s and early 2000s into a world where content is king.
Where this leaves competitors like Sony and Nintendo remains to be seen but as 2022 kicks off and the gaming industry shows no signs of slowing, there is plenty to play as gamers assess where to get their gaming goodness moving forward.
However for XBOX and PC owners their gaming offerings have expanded dramatically as of the signing of this deal.
Netflix axes over 100 jobs as streamer deals with performance crisis
The World’s largest streaming service is taking refuge in new cost cutting measures
Netflix is sacking 150 employees across the company with most of the cuts happening in the United States.
It comes after the company recorded a large fall in subscribers, for the first time in a decade.
The news sparked an investor sell-off, with the firm’s stock plunging 35% in one day.
The layoffs represent only 2 per cent of the company’s total staff.
Netflix also plans on introducing ads as a way of building revenue.
It also wants to tackle password sharing privileges to compensate for lower revenues.
Snapchat co-creator and supermodel pay student loans for graduating class
Student loans still get the better of most of us, a pesky debt that hurts the hip pocket
But one graduating class got the ultimate graduation gift
Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.
The president of the art college announced the gift as the single largest donation in the history of Otis College.
The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.
The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.
Spiegel created the popular instant messaging app with two former Stanford University classmates.
The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.
Spiegel and wife Miranda were given honorary degrees at the college.
Queen Elizabeth makes surprise appearance
Royal enthusiasts were delighted to see Her Majesty Queen Elizabeth make yet another surprise appearance, despite suffering from ongoing mobility issues
Elizabeth attended the opening ceremony of a new London train line which has been named in her honour.
Elizabeth can be seen wearing a bright yellow coat and hat, attending the event alongside her youngest son Edward and Prime Minister Boris Johnson.
Unveiling a plaque at Paddington Station, it comes after the Queen missed the opening of parliament for the first time since 1963.
Buckingham Palace says she is continuing to suffer from “episodic mobility issues”.
In October, the royal spent a night in hospital for an unspecified illness.
The $24 billion rail project was originally due to be opened back in December 2018, but has been plagued by delays.
The Elizabeth line will connect areas of west of London, including Heathrow airport and Reading.
Johnson says it’s “wonderful” to see the queen open the train line, adding she was in “such fine form”.
Cody Simpson eyes off Commonwealth Games spot
Authorities find drug-smuggler’s tunnel under the U.S. and Mexico border
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