Activision Blizzard (ATVI) shares closed 25% higher on Tuesday after Microsoft (MSFT) announced it will acquire the video game publisher for $95 per share. The deal, valued at $68.7 billion is Microsoft’s largest takeover ever.
When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent (TCEHY) and Sony (SONY), according to the tech giant. The deal illustrates another consolidation move within the gaming industry — and massive bet…
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