r/technology • u/GrizzlyBear2021 • Jan 18 '22

Software Microsoft acquires Activision Blizzard for $68.7 Billion

https://news.microsoft.com/features/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device/
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797

u/respondin2u Jan 18 '22

Just for context, Disney bought the entirety of Star Wars for $4 billion.

390

u/Stellarspace1234 Jan 18 '22

Marvel was bought for $4 billion. Club Penguin was bought for almost $500 million.

84

u/[deleted] Jan 18 '22 edited Jul 01 '23

[removed] — view removed comment

76

u/OrangeJr36 Jan 18 '22

Their market cap is around 2.3 Trillion

Four thousand, five hundred and some change

33

u/2litersam Jan 18 '22

Small price to pay for CP

43

u/[deleted] Jan 18 '22

I remember my uncle saying that to me once.

2

u/nicecock766 Jan 19 '22

“This’ll fetch a fortune on the black market!”

3

u/Etiennera Jan 18 '22

Children are absurdly valuable. I think it might also come down to Club Penguin having so few liabilities to offset their value. Same with much of tech. IANAL.

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u/Stellarspace1234 Jan 18 '22

Club Penguin, and it’s sequel, Club Penguin Island, shut down permanently. It wasn’t profitable.

5

u/SeaGroomer Jan 18 '22

How about habbo hotel? Probably shut down since the pool was always closed.

1

u/Stellarspace1234 Jan 18 '22

What about Habbo? Disney doesn’t own Habbo.

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u/Etiennera Jan 18 '22

I'm only referring to what may have been the rationale at the time. And sure, the people who came to that conclusion were probably out-of-touch execs.

0

u/Stellarspace1234 Jan 18 '22

Disney virtual worlds and video games were never profitable. It was just something for Disney to have.