Microsoft to buy 'Call of Duty' maker Activision Blizzard for $68.7b in gaming push

Microsoft to buy 'Call of Duty' maker Activision Blizzard for $68.7b in gaming push

REUTERS/Lucy Nicholson

Microsoft Corp said on Tuesday it was acquiring “Call of Duty” videogame maker Activision Blizzard for $68.7 billion in cash, the biggest deal in the sector that would help the Xbox maker become the third-largest gaming company by revenue.

Microsoft‘s offer of $95 per share is at a premium of 45% to Activision’s Friday close. Shares of Activision were trading at $89.55 in trading before the bell.

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