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Microsoft and the Metaverse

The Daily

The New York Times

News, Daily News

4.597.8K Ratings

🗓️ 20 January 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

Microsoft announced this week that it was acquiring Activision Blizzard, the maker of video games such as Call of Duty and Candy Crush, in a deal valued at nearly $70 billion. Microsoft, the owner of Xbox, said the acquisition was a step toward gaining a foothold in the metaverse. But what exactly is the metaverse? And why are some of the biggest companies in the world spending billions of dollars to get involved?

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0:00.0

From New York Times, I'm Michael Bavaro. This is a daily.

0:11.0

Today, why so many major companies are now investing in the metaverse and whether that

0:20.0

means those companies will control what the metaverse becomes.

0:26.7

I spoke with my colleague, Technology columnist Kevin Rousse.

0:36.7

It's Thursday, January 20th.

0:43.7

Michael, hello.

0:44.7

Hello, Mr. Rousse.

0:46.7

Happy New Year. Is it too late to say that?

0:48.7

I mean, if you didn't say it in a card that came into my mailbox 10 days ago, I think so.

0:55.7

Sorry. I meant to put you on the card list this year, but you know, things happen.

1:00.7

Well, I left you off my card list, too.

1:02.7

I forgive you.

1:06.7

It's good that we're still talking.

1:09.7

Kevin, as you know, we turned you when we need to translate the digital universe,

1:15.7

whether that's cryptocurrency or social media platforms.

1:18.7

Today, it's a mega merger in the gaming world.

1:23.7

Tell us about this deal that was just made public.

1:27.7

Earlier this week, Microsoft announced that it was acquiring the gaming studio Activision

1:33.7

Blizzard, maker of such hits as Call of Duty, Candy Crush, World of Warcraft,

1:39.7

lots of games like that, in a deal that was valued at nearly $70 billion.

1:45.7

And this was a monumental deal in the world of gaming.

1:48.7

It's the biggest acquisition ever in the gaming industry.

...

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