Microsoft to buy US video game giant Activision Blizzard

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Microsoft said on Tuesday it plans to acquire video game maker Activision Blizzard for 95 dollars per share, in an all-cash deal valued at 68.7 billion dollars. The planned acquisition of the US firm includes iconic franchises like Warcraft, Diablo, Overwatch, Call of Duty and Candy Crush in addition to global eSports activities through Major League Gaming. Bobby Kotick will continue to serve as CEO of Activision Blizzard. The Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. Microsoft said the acquisition will accelerate the growth in its gaming business across …

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