Microsoft to Gobble up Activision in $69 Billion Metaverse Bet

Microsoft to Gobble up Activision in $69 Billion Metaverse Bet
The Microsoft logo is seen in front of characters from Activision Blizzard games. Dado Ruvic/Reuters
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Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.

The deal announced by Microsoft on Tuesday, its biggest-ever and set to be the largest all-cash acquisition on record, will bolster its firepower in the booming videogaming market where it takes on leaders Tencent and Sony.