Microsoft to buy Activision Blizzard in a deal at $68.7 billion -Breaking
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© Reuters. FILEPHOTO: Activision’s booth at the E3 2017 Electronic Entertainment Expo was displayed in Los Angeles (California), U.S.A, June 13 2017. REUTERS/ Mike Blake/File Photograph(Reuters] -Microsoft Corp stated Tuesday that it was buying Activision Blizzard (NASDAQ) videogame publisher for $68.7 Billion cash. It is the largest transaction in the industry.
Microsoft’s $95 share offer is 45% higher than Activision’s Friday close. Activision shares were nearly up 38% at $65.39, before the news halted them.
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