Microsoft has agreed to buy video game maker Activision Blizzard for $75bn in the biggest ever deal by the tech company.
Under the terms of the all-cash deal, Microsoft will pay shareholders of the company behind Call of Duty and World of Warcraft $95 per share, a 45 per cent premium on the closing price last week.
The purchase price includes Activision’s $6.37bn of net cash, valuing the company at $68.7bn.
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