Microsoft buys game maker Activision Blizzard for about $70B

Microsoft is paying the enormous sum of nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, a deal that would immediately make it a larger video-game company than Nintendo while raising questions about the deal’s possible anti-competitive effects.
Microsoft is paying the enormous sum of nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, a deal that would immediately make it a larger video-game company than Nintendo while raising questions about the deal’s possible anti-competitive effects. The all-cash $68.7 billion deal will turn the maker of the Xbox gaming system into one of the world’s largest video game companies. It will also help Microsoft compete with tech rivals such as Meta — formerly Facebook — in creating immersive virtual worlds for both work and play. It also could be one of the priciest tech acquisitions in history.

Techmeme: The UK's CMA says Microsoft's $69B Activision Blizzard acquisition will require an in-depth review and gives Microsoft a September 8 deadline to offer remedies (Katharine Gemmell/Bloomberg)

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Microsoft says this week's FTC hearing on the Activision buyout will decide whether the deal goes forward