Microsoft reportedly announced the acquisition of video game company Activision Blizzard, and Microsoft's CEO also retweeted the news.
Microsoft will buy Activision Blizzard for $95.00 per share in an all-cash deal worth $68.7 billion, including activision Blizzard's net cash.
After the transaction is completed, Microsoft will become the world's third-largest game company in terms of revenue, after Tencent and Sony.
According to Microsoft's statement, the planned acquisitions include well-known works by Activision Blizzard and subsidiary King, such as the Warcraft series, Diablo, Overwatch, Call of Duty and Candy Crush Saga.
The statement said that Bobby Kotick will continue to serve as CEO of Activision Blizzard, and after the completion of the transaction, the Activision Blizzard business will report to Microsoft Game CEO Phil Spencer.
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