Microsoft to acquire Activision Blizzard in a deal valued $68.7 billion

In a move that seemingly came out of the blue, Microsoft has announced that it will acquire Activision Blizzard in an all-cash transaction valued at $68.7 billion ($95.00 per share). This will push Microsoft – which is already a massive game publisher – to third place, behind Tencent and Sony. This will bring popular franchises from the Activision, Blizzard and King studios - “Warcraft”, “Diablo”, “Overwatch”, “Call of Duty” and “Candy Crush” being some of the highlights - under the Microsoft Gaming umbrella. With titles that are popular on PCs, consoles and smartphones, this will help...

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