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Updated Jan. 18, 2022 9:40 americium ET / Original Jan. 18, 2022 8:39 americium ET
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Activision Blizzard shares were surging pursuing Microsoft‘s announcement that it would get the gaming institution successful a astir $70 cardinal deal.
Microsoft (ticker: MSFT) volition get Activision Blizzard (ATVI) for $95 a stock successful an all-cash transaction valued astatine $68.7 billion, including Activision Blizzard’s nett cash. The acquisition is Microsoft’s largest transaction ever.