When Microsoft announced plans to buy video game company Activision Blizzard for $69 billion in January 2022, the tech industry snapped to attention: As the largest acquisition in Microsoft's nearly five-decade history, the deal was a bold move by CEO Satya Nadella, pointing the way to a future of computing in immersive, virtual worlds.
The deal hasn't closed yet, but a lot has changed in the intervening 18 months.
