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Benzinga
Benzinga
Business
AJ Fabino

SHOCKING: 3 stocks moving on the microsoft activision blizzard deal - You Need To See This

Microsoft Activision Blizzard ATVI Redmond

Microsoft (NASDAQ:MSFT)  has agreed to purchase "Call of Duty" producer Activision Blizzard (NASDAQ:ATVI) for $68.7 billion, making the purchase Redmond's largest acquisition to date.

The all-cash transaction at $95 per share marks a big bet on the metaverse, and includes Microsoft in the race to claim ownership of the booming gaming industry against other giants such as Tencent and Sony. 

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