825 days ago • Posted by Ajmir Omid
Activision to be acquired by Microsoft $ATVI $MSFT #acquisition
Microsoft announced it will buy the video game giant Activision Blizzard in a USD68.7 billion all-cash deal. The videogame maker, known for its popular game "Call of Duty", had a stellar performance until February of last year. But the company's share price dropped as much as 45% as it got hit by allegations of sexual harassments and misconduct. This morning, shares of Activision jumped 38% in pre-market before being halted. In contrast, Microsoft shares are down more than 2%, as investors are judging the deal too expensive.
