from The Observer

Microsoft to Purchase Activision Blizzard for $68.7 Billion

Microsoft says the acquisition will help “provide building blocks for the metaverse.”

By Isabella Simonetti

Activision is currently implicated in a workplace sexual misconduct scandal. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

IGN initially reported that Kotick would remain as Activision Blizzard CEO, but has updated their story to say that Kotick’s future at the company remains unclear.

Microsoft has agreed to buy video game giant Activision Blizzard in an all-cash deal for $68.7 billion, further propelling the company’s expansion into the metaverse. 

Activision is home to some of the world’s most popular video games including the Call of Duty franchise and Candy Crush. For Microsoft, which owns the gaming and console-maker XBox, the deal, if completed, will represent its largest acquisition in history. The Wall Street Journal first reported the news.

[ click to continue reading at The Observer ]