Microsoft acquired the popular gaming company Activision Blizzard for nearly $70 billion.
As a result of the acquisition, Microsoft and Activision Blizzard now constitute the third-largest gaming company on the market. The deal brings popular gaming titles such as Call of Duty, World of Warcraft, and Candy Crush into the Microsoft orbit. Per Yahoo Finance, “Mobile gaming is also a significant factor in the acquisition, Microsoft said. On top of folding King’s phone games into Microsoft’s business, the purchase promises to bring franchises like Halo and Warcraft to more devices.”