Microsoft buys video game company Activision Blizzard for $ 68.7 billion
. This was announced by the Redmond giant in a note, noting that Microsoft will pay $ 95 for each Activision share.
The transaction is all in cash and has been approved by the boards of directors of the two companies.
Microsoft with Activision Blizzard will become the third giant in the world of video games by revenues after Tencent and Sony. "The acquisition will accelerate Microsoft's growth in games," and will be one of the components of the metaverse, says Microsoft.
"Games are the most dynamic category in entertainment across all platforms and will play a key role in the development of the metaverse," says Microsoft CEO Satya Nadella.
The acquisition includes iconic brands such as Warcraft, Diablo, Overwatch, Call of Duty and Candy Crush.