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Benzinga
Benzinga
Business
Melanie Schaffer

Activision Blizzard Stock Soars On Microsoft Acquisition News; Chart Says Proceed With Caution

Activision Blizzard Microsoft Microsoft Corp

Microsoft Corp (NASDAQ:MSFT) announced on Tuesday its plans to acquire gaming giant Activision Blizzard Inc's (NASDAQ:ATVI)for $95 per share in an all-cash transaction valued at $68.7 billion.

The acquisition will help to erase the association of widespread sexual misconduct, gender discrimination and retaliation with Activision Blizzard's library of popular games such as Diablo and Call of Duty.

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