July 16, 2024
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Microsoft to gobble up Activision in $69 billion metaverse bet

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By Subrat Patnaik and Supantha Mukherjee (Reuters) – Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future. The deal announced by Microsoft on Tuesday, its biggest-ever and set to be the largest all-cash acquisition on record, will bolster its firepower in the booming videogaming market where it takes on leaders Tencent and Sony. It also represents the American multinational’s bet on the “metaverse,” virtual online worlds where people can work, play an…

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