Microsoft and the Metaverse

Published: Jan. 20, 2022, 10:50 a.m.

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.\nMicrosoft, the owner of Xbox, said the acquisition was a step toward gaining a foothold in the metaverse.\nBut what exactly is the metaverse? And why are some of the biggest companies in the world spending billions of dollars to get involved?