How Many Billions Will Microsoft Buy Candy Crush maker Activision Blizzard?

$68.7 billion

$83.5 billion

$97.2 billion

$105.6 billion

Correct Answer : $68.7 billion

Microsoft Corp said on Tuesday(18th Jan 2022) it would buy "Call of Duty" videogame maker Activision Blizzard for $68.7 billion in cash, the largest deal in the sector making the Xbox maker the third-largest gaming company by revenue.

Microsoft's offer of $95 per share is at a premium of 45 percent to Activision's Friday close.

Shares of Activision were up nearly 38 percent at $65.39 before being halted for news.

"Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms," Microsoft Chief Executive Officer Satya Nadella said in a statement.

Demand for video games has surged during the pandemic, as stuck-at-home consumers play more games to keep themselves entertained.

Source : Money Control

Published On : January 19, 2022

Recent Updates in Business and Economics - General Knowledge Questions

Q .

Which company has acquired an 85.8% stake in Air Works for Rs 400 crore?

L&T Group

Adani Group

Tata Group

Reliance Industries

Correct Answer : Adani Group

* Adani Group has acquired an 85.8% stake in Air Works, India's largest private-sector Maintenance, Repair, and Overhaul (MRO) company, for Rs 400 crore.

* This acquisition strengthens Adani’s presence in India’s civil and defence aviation services sectors, contributing to the country’s growing aviation market and supporting the Aatmanirbhar Bharat initiative.

* The move also expands Adani’s capabilities in the defence and civil MRO sectors, enhancing its service offerings and footprint across India and internationally.

Published On : December 25, 2024

Category : Business and Economics

Q .

What percentage of stake did Coca-Cola sell in its India bottling business to Jubilant Bhartia Group?

30%

40%

50%

60%

Correct Answer : 40%

* Coca-Cola sold a 40% stake in its India bottling business, Hindustan Coca-Cola Holdings (HCCH), to Jubilant Bhartia Group for ?12,500 crore, valuing the company at ?31,250 crore.

* This sale aligns with Coca-Cola's asset-light refranchising strategy and will help strengthen its presence in India, its fifth-largest market.

* The transaction also marks a significant step for Jubilant Bhartia Group to expand its portfolio in the beverage sector, leveraging its expertise from businesses like Domino’s and Dunkin’ to boost growth in the bottling sector.

Published On : December 13, 2024

Category : Business and Economics

Q .

Which company signed a long-term LNG ship charter contract with "K" LINE?

ONGC

Indian Oil

GAIL

Reliance Industries

Correct Answer : GAIL

GAIL has entered into its first long-term time charter agreement with Singapore-based "K" LINE for a new LNG ship, featuring a tank capacity of 1,74,000 cubic meters.

Scheduled to be operational by 2027 and built by Samsung Heavy Industries, this agreement enhances GAIL's LNG transport capabilities.

The partnership also benefits from "K" LINE's extensive 40-year expertise in LNG shipping, marking a significant step in strengthening India's energy infrastructure.