Microsoft Acquires Activision Blizzard for $68.7 Billion

In a landmark deal, Microsoft announced the acquisition of gaming giant Activision Blizzard for $68.7 billion. This acquisition is Microsoft's largest to date, significantly boosting its presence in the gaming industry. Activision Blizzard, known for popular franchises like Call of Duty, World of Warcraft, & Candy Crush, will bolster Microsoft's gaming portfolio & support its vision for the metaverse. The deal, subject to regulatory approval, is expected to close by mid-2023. This move highlights the increasing consolidation within the gaming industry & the growing importance of gaming in the digital economy.