Microsoft announced on Tuesday that it would buy videogame
publisher Activision Blizzard for $68.7 billion (approximately Rs. 512,362
crores) in an all-cash deal, or $95 per share, including Activision Blizzard's
net cash. When the deal is complete, the Redmond-based software giant will be the
world's third-largest gaming company by revenue, behind Tencent and Sony.
According to Microsoft, the purchase is subject to usual
closing conditions, regulatory approval, and Activision Blizzard shareholder
approval. The transaction is set to finalise in fiscal year 2023. Activision
Blizzard and Microsoft Gaming will continue to operate independently until the
acquisition is completed.