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Financial News: Microsoft to pay $69B for Activision

Financial News:

Microsoft to pay $69B for Activision

Diablo II: Resurrected

Activision Blizzard, a major player in the video game industry, has agreed to be purchased by Microsoft for $68.7 billion in cash. Premarket shares ($ATVI) skyrocketed.

The acquisition would be Microsoft's largest-ever purchase, and the biggest video game deal in history.

Among the many titles produced by Activision Blizzard are the video games Call of Duty, Candy Crush, Warcraft, Diablo, Overwatch, and Heartstone. This deal, according to Microsoft, will help the company's gaming division grow across all platforms - mobile, PC, console, and cloud.

To become the world's third-largest gaming company, Microsoft would need to acquire Activision Blizzard. For Microsoft's fiscal year that ends in June 2023, the acquisition of Activision Blizzard is expected to be completed, subject to regulatory review and shareholder approval.

Photo: Diablo II: Resurrected, from Activision. Diablo II: Resurrected is an action role-playing video game co-developed by Blizzard Entertainment and Vicarious Visions and published by Blizzard Entertainment. It is a remaster of Diablo II (2000) and its expansion Lord of Destruction (2001). The game was released for Microsoft Windows, Nintendo Switch, PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X and Series S on September 23, 2021.

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    Content ID: 1642514538 Created Tuesday, January 18, 2022 2:02 PM UTC by Aaron Stipkovich, Updated Friday, January 28, 2022 11:38 AM UTC by Aaron Stipkovich.