Microsoft to acquire Activision Blizzard in $68.7 billion deal

© Reuters

By Samuel Indyk – Microsoft (NASDAQ:) has announced it is to buy Activision Blizzard (NASDAQ:) for $95.00 per share in an all-cash transaction valued at $68.7 billion, inclusive of Activision’s net cash.

The deal represents a 45% premium to the closing price of Activision’s shares from Friday 14th January.

More to follow…

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