Microsoft Cuts Deal To Buy Activision Blizzard For $68.7B

Microsoft agreed on Tuesday, Jan. 18, 2022, to buy Activision Blizzard, the video game maker behind hits like Call of Duty and Candy Crush, for $68.7 billion in cash, Andrew Ross Sorkin and Michael J. de la Merced reported for the New York Times.

Photo Insert: The Blizzard takeover is the largest in Microsoft’s 46-year history and a big bet on its future direction.

It is the largest takeover in Microsoft’s 46-year history and a big bet on its future direction, they added.

The deal plants Microsoft’s flag in the emerging battle for dominance in the so-called metaverse, the next-generation internet that melds the traditional online world with virtual and augmented reality.

Microsoft’s takeover of Activision Blizzard comes as Facebook invests a hefty sum to develop its own version of metaverse.

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