Microsoft to acquire Activision Blizzard for almost $70 billion cash

Microsoft has revealed that it has entered an agreement to acquire Activision Blizzard  for $68.7 billion. The tech conglomerate will purchase Activision Blizzard for $95 per share, a premium of 45 per cent of its share price on January 14th, in an all-cash transaction, making it the largest video game acquisition ever. Following the acquisition, Microsoft will be the third largest video gam… Source: http://www.pocketgamer.biz/news/77915/microsoft-to-acquire-activision-blizzard-for-almost-70-billion-cash/