By Samuel Indyk
Investing.com – 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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