Biggest ever acquisition
Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion. The all-cash deal was announced by Microsoft this week. It’s Microsoft’s biggest-ever acquisition. It will bolster its firepower in the video gaming market where it takes on leaders Tencent and Sony. It also represents the American multinational’s bet on the “metaverse”. Microsoft’s offer of $95 per share represents a premium of 45% to Activision’s close in the stock exchange last week.
