Replies to post #798 on Activision Blizzard Inc (ATVI)

[eastunder]

Microsoft to Acquire Activision Blizzard for Nearly $70 Billion
By Sabrina Escobar
Updated Jan. 18, 2022 9:02 am ET / Original Jan. 18, 2022 8:39 am ET

Activision Blizzard shares were surging following Microsoft‘s announcement that it would acquire the gaming company in a nearly $70 billion deal.

Microsoft (ticker: MSFT) will acquire Activision Blizzard (ATVI) for $95 a share in an all-cash transaction valued at $68.7 billion, including Activision Blizzard’s net cash. The acquisition is Microsoft’s largest transaction ever. It’s betting on gaming as a building block into the metaverse.