Microsoft has agreed a deal to buy the troubled Call of Duty and Candy Crush gaming firm Activision Blizzard for $68.7bn (£50.5bn).

The all-cash takeover will give the Xbox maker a leap into the mobile gaming sphere and “play a key role in the development of metaverse platforms,” according to Microsoft boss Satya Nadella.

The deal – if approved by regulators – would make Microsoft the third-largest gaming firm in the world by revenue.

Articles You May Like

Coinbase rallies more than 60% in same month that FTX and Binance founders brace for prison
‘Flights impossible’ as freezing rain and thick layer of ice forces German airport to close
Police hunt man accused of spraying antisemitic graffiti on MP’s office
Israel divides Gaza into numbered blocks telling Palestinians to move before bombings begin
Financial crash could have been far worse for UK were it not for Alistair Darling