Growth Wanes at Instacart, GopuffRead more

Briefing

Microsoft To Buy Activision for $68.7 Billion in Cash

By
Martin Peers
· · Source: The Information

Microsoft reached a deal to buy Activision Blizzard for $68.7 billion in cash, the companies announced, in a move intended to “accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud.” It will also “provide building blocks for the metaverse.” Microsoft will pay $95 a share for Activision, a huge premium for a stock that on Friday closed at $65.39. But...

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