Microsoft announced plans to acquire Activision Blizzard, the video game studio behind blockbuster hits like “Warcraft,” “Overwatch” and “Call of Duty,” in an all-cash transaction valued at $68.7 billion. Microsoft says that the move will make the company the third-largest gaming company by revenue, after Tencent and Sony.
Microsoft announced plans to acquire Activision Blizzard, the video game studio behind blockbuster hits like “Warcraft,” “Overwatch” and “Call of Duty,” in an all-cash transaction valued at $68.7 billion. Microsoft says that the move will make the company the third-largest gaming company by revenue, after Tencent and Sony.