Metasoft? Microverse? Both have quite a nice ring to it. While Microsoft (MSFT) surely won’t be changing its name to either, Piper Sandler’s Brent Bracelin thinks the company’s latest move represents its entry into the “consumer metaverse arms race.” It is simply too big an opportunity to ignore, and by the looks of it the company is fully aware of the potential following the announcement of the largest acquisition in its history. On Tuesday, Wall Street was taken a back with the news Microsoft will buy mired in controversy gaming giant Activision Blizzard for a cool $68.7 billion in cash.
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Microsoft (NASDAQ:MSFT)
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