It emerged on Jan 18 that Microsoft Corp (MSFT.O) was acquiring “Call of Duty” videogame maker Activision Blizzard (ATVI.O) for $68.7 billion in cash. This is the biggest deal in the sector that would help the Xbox maker become the third-largest gaming company by revenue. Microsoft’s offer of $95 per share is at a premium of 45% to Activision’s Friday close. The Shares of Activision were trading at $89.55 trading before the bell.
