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One of the contract’s tag lines for the augmented reality technology seems to be its ability to enable “25 bloodless battles before the 1st battle”, suggesting that actual combat training is going to be an essential aspect of the augmented reality headset capabilities. The two-year contract may result in follow-on orders of more than 100,000 headsets, according to documentation describing the bidding process. Consequently, in February 2011 Microsoft released a corporate bond amounting to $2.25 billion with relatively low borrowing rates compared to government bonds. Standard & Poor’s and Moody’s Investors Service have both given a AAA rating to Microsoft, whose assets were valued at $41 billion as compared to only $8.5 billion in unsecured debt. Though the company had subsequent increases in dividend payouts, the price of Microsoft’s stock remained steady for years. When Microsoft went public and launched its initial public offering (IPO) in 1986, the opening stock price was $21; after the trading day, the price closed at $27.75.
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On January 18, 2022, Microsoft announced the acquisition of American video game developer and holding company Activision Blizzard in an all-cash deal worth $68.7 billion, which was completed in 2023. In the same month, Microsoft acquired Australia-based video editing software company Clipchamp. In September 2021, it was announced that the company had acquired TakeLessons, an online platform that connects students and tutors in numerous subjects.
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