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.
