Microsoft to buy Activision Blizzard in a deal at $68.7 billion By
© Reuters. FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File Photo
(Reuters) -Microsoft Corp said on Tuesday it would buy videogame publisher Activision Blizzard (NASDAQ:) for $68.7 billion in cash, the largest deal in the sector.
Microsoft (NASDAQ:)’s offer of $95 per share is at a premium of 45% to Activision’s Friday close. Shares of Activision were up nearly 38% to $65.39 before being halted for news.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Microsoft to buy Activision Blizzard in a deal at $68.7 billion By