Microsoft just announced a blockbuster deal to acquire Activision Blizzard, in one of the biggest moves in the history of the video game industry.
- Microsoft will pay a whopping $68.7 billion in cash for the studio, maker of mega-franchises like Call of Duty, Candy Crush, and World of Warcraft.
- The deal is expected to finalize in June of 2023 with approval from federal regulators and Activision Blizzard shareholders.
- The move will make Microsoft the third-largest gaming company in the world, behind only Sony and Chinese publisher Tencent.
- What does this mean for the future of Activision Blizzard titles? Why is Microsoft making such a huge move?
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