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Microsoft buys Activision in all-cash deal worth $68.7 billion


A gamer plays the video game ‘Call of Duty: Black Ops’ developed by Treyarch and published by Activision during ‘Paris Games Week’ on October 25, 2018 in Paris, France.

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Microsoft Tuesday’s announcement it will buy video game giant Activision Blizzard in a deal worth $68.7 billion.

Shares of Activision rose about 37% in pre-market trading before it was halted after the Wall Street Journal first reported on the deal.

Microsoft shares drop more than 2% after the announcement

Activision, known for hit games like “Call of Duty” and “Tony Hawk’s Pro Skater,” has been mired in controversy over the past few months following reports of sexual misconduct and harassment. among corporate executives. On Monday, Activision said it had fired dozens of executives following an investigation.

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