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Microsoft to buy Call of Duty video game maker Activision Blizzard for $68.7 billion, will be the biggest deal in the gaming sector in cash

This deal between Microsoft Corp and Activision Blizzard is the biggest deal in the gaming sector so far, which will be completely in cash.

Microsoft Corp has decided to buy “Call of Duty” video game maker Activision Blizzard for $68.7 billion. Microsoft announced this on Tuesday. This is the biggest deal in the gaming sector so far, which will be completely in cash.

Microsoft Chief Executive Satya Nadella said, “Gaming is the most dynamic and exciting category of entertainment across platforms today and will play a key role in the development of the Metaverse platform.” Microsoft has offered to buy it for $95 per share, which is 45 percent higher than Activision’s Friday closing price. CEO Bobby Kotick will continue to be the CEO of Activision even after the deal.

The deal comes at a time when Activision, the maker of games like “Overwatch” and “Candy Crush,” came in the dark. Before the deal was announced, its shares had fallen more than 37% since hitting record highs last year due to controversies such as sexual harassment of employees. The company is still facing those charges. On Monday, the company said it had fired more than three dozen employees since July and instructed another 40 to remain disciplined.

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