Tuesday, January 18, 2022 14:15:04 UTC
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.(More)
|Activision Blizzard Inc|
|Wed, Jun 29, 22 6:00 PM UTC|
|Tue, Jun 28, 22 (EOD)|