Business

Microsoft has agreed a deal to buy the troubled Call of Duty and Candy Crush gaming firm Activision Blizzard for $68.7bn (£50.5bn).

The all-cash takeover will give the Xbox maker a leap into the mobile gaming sphere and “play a key role in the development of metaverse platforms,” according to Microsoft boss Satya Nadella.

The deal – if approved by regulators – would make Microsoft the third-largest gaming firm in the world by revenue.

Articles You May Like

‘No pension, no career, no future’: Grim reality behind the scenes of British TV and film industry
Superdry founder woos US investor to back bid for struggling chain
Trade Desk shares soar on revenue beat and strong guidance
Jeff Bezos sells more than $2 billion in Amazon stock for third time this month
Twelve people arrested at pro-Palestine demonstration in London