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Microsoft to acquire Activision Blizzard in a $68.7 billion deal

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Microsoft Activision Blizzard

Microsoft today announced that it will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. This includes iconic franchises from the Activision, Blizzard and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush”.

The company said that the acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.

After the transaction, Microsoft said that it will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The company has studios around the word with nearly 10,000 employees.

Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.

The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers.

With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry, said the company.

Once the transaction closes, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.

The deal is expected to close in fiscal year 2023 upon regulatory approvals and Activision Blizzard’s shareholder approval.

Author: Naijaonpoint NG

Naijaonpoint NG is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He uses the phones he reviews as his main phone. You can follow him on Twitter and Instagram
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MTN Nigeria Rewards Shareholders with N174.53bn Dividend

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mtn rebrand

The MTN Nigeria has set aside N174.53 billion as dividend to its shareholders whose names appeared in the Company’s Register of Members at the close of business on Wednesday, April 6, 2022, which translates to N8.57 Kobo per every two kobo ordinary share.

This would bring the total dividend for the year that ended on December 31, 2021 to N13.12 per share, subject to withholding tax.

MTN Dividend

The MTN Nigeria also announced that its initial 575 million share unit’s offer was exceeded with an over-subscription rate of 139.47 per cent, and   in order to manage the over subscription, it added 86.25 million share units to the initial share units.

It said: “In all, 661.25 million units of MTN Nigeria shares were allotted and a total of 126,720 retail investors submitted valid applications and received full allotment. Other institutional investors such as pension funds, insurance companies, asset managers, corporates, and foreign portfolio investors who participated in the book build were allotted 72.09 per cent of their applications. 

“This includes Nigerian pension funds representing approximately 6.5 million Nigerian contributors. Nigerian investors across the country supported the offer through multiple channels such as Receiving Agents, Issuing Houses and Primary Offer, that is the digital application platform. 

“More than 89 per cent of retail offer subscribers applied through the Primary Offer platform (via mobile and web).

“In addition, 114,938 new Central Securities Clearing System (CSCS) accounts were opened by first-time investors. It was estimated that 76 per cent of the successful subscribers to the public share offer via the digital platform are women, while 85 per cent of these are below the age of 40.” 

Speaking on the opportunity that the public share offers to Nigerians, The Chairman of MTN Nigeria, Mr. Ernest Ndukwe, said: “There was no better way for us to commemorate our 20th anniversary than by giving more Nigerians the opportunity to participate in our future success, in line with our Ambition 2025 commitment to shared value. 

“To do this, we launched an offer for the sale of 575 million shares held by the MTN Group in MTN Nigeria Communications Plc in November 2021. It also leveraged an innovative digital platform to maximise participation, while many of Nigeria’s institutional investors also participated in the bookbuild phase of the offer.”

 The incentives for all investors include one free share for every 20 purchased, subject to a maximum of 250 free shares per investor. Also, an additional 4.28 million MTN Nigeria shares would be allotted to qualifying investors who hold the shares allotted to them for 12 months till January 31, 2023.

“We are delighted to welcome so many new shareholders to the MTN family, up 11.6 times from the number before the offer.  It has been inspiring to see so many Nigerians, many of whom are young, acquire shares for the first time, and use a digital platform to do so.’’  

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Recap: Everything Announced at Google I/O 2022

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bud

Keeping up with Google’s big tech event 2022 may not be easy for you because of your busy schedules but we’ve got the recap of it all.

Here are the major announcement at Google I/O 2022

Pixel 7 and Pixel 7 Pro

google I/O

Sneak Peak of Pixel 7 and Pixel 7 Pro was a big surprise to us all but the phones will pack the next-gen Tensor chip and run Android 13 out of the box. We’ll have to wait until later this year for more details like specs and pricing.

Pixel 6A

Google has also unveiled its latest mid-ranger Pixel 6A. You can find more details here

Android 13 Beta

Android 13 beta has been released, and it allows more non-pixel smartphone users to try it out.  The latest release brings a couple of notable features like a new predictive back gesture, new permission to use exact alarms and better support for Bluetooth LE Audio.

Google Pixel owners can enroll their device into the beta program to try out the latest software. OnePlus, Realme, OPPO, Vivo, Xiaomi, and others have also announced their own Android 13 beta program for select flagships.

Google Pixel Watch

Google Pixel Watch

Google has announced its first-ever smartwatch, Pixel Watch coming later this year. The spec has not been fully released by Google but what we know so far is that it will run Wear OS 3 and offer Fitbit integration.

Google Pixel Tablet

Google Pixel tablet I/O 2022

Google is also working on a Pixel Tablet. This will be launched next year, and today the company decided to give us a sneak peek.

Google Pixel Bud

Pixel bud Google I/O 2022

Google Pixel Buds Pro has been announced, the most premium version of their in-ear truly wireless earbuds. They are priced at $199.99.

Google Wallet

The new Google Wallet will be available for Android and Wear OS devices in the coming weeks in “over 40 countries”.

As you might expect, you can use it to store bank cards for a tap to pay, but also any other sort of card you might have, including loyalty ones. But not just that – vaccine certificates? Check! And at some later point, Wallet will even support digital IDs, where you can identify yourself without even giving anyone your phone, through the magic of NFC. This depends on state support, so the rollout might take some time, even in the US, where it’s starting.

Google Wallet will replace Google Pay in all countries except the US, Singapore, and India.

Multi-Search:

Last month, Google announced a new Google Search feature called Multi-search, allowing users to use photos and text simultaneously for a search query. Now the feature is picking up a new trick: Near me. When you’re Multisearching with an image and text, simply add “near me” to your query to quickly look up local restaurants and shops.

This is not all for Google I/O, but we’ll keep updating ...

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