Briefing

Microsoft to buy Activision Blizzard in megadeal worth about US$75B

The all-cash deal, if completed, would massively expand Microsoft’s already sizable video-game operations, catapulting it to become the world’s third-largest gaming company by revenue, behind Sony and Tencent. The proposed buyout, announced Tuesday, comes amid Activision’s stock rout following a gender-bias lawsuit filed against the company in California last July. (The Wall Street Journal, The Logic)

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