Microsoft is buying Activision Blizzard for ~$70 billion || The deal ‘will play a key role in the development of metaverse platforms.’Activision Blizzard shares were surging following Microsoft 's announcement that it would acquire the gaming company in a nearly $70 billion deal.
Microsoft plans to launch Activision Blizzard games into its Game Pass subscription. Current Activision CEO Bobby Kotick will remain CEO of the company, and once the deal closes, the business will report to Phil Spencer, CEO of Microsoft Gaming.
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