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Source: Microsoft
Microsoft's newest acquisition is bound to shake things up in the gaming industry. The company will purchase Activision Blizzard for US$68.7 billion in an all-cash transaction. This acquisition makes Microsoft the world's third-largest gaming company by revenue (behind Tencent and Sony).
The company will own every studio and game under Activision Blizzard, including popular franchises like World of Warcraft, Call of Duty, Diablo, Overwatch, Crash Bandicoot, and more.