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

Tesla asks shareholders to vote again on Musk’s $56 billion payout
India’s colossal election season begins as Modi seeks third term
Daily EV Recap: Layoffs and leadership changes at Tesla
Oil prices fall more than 3% as traders discount Iran-Israel war risk
Iran calls Israeli strike ‘infiltration’ as it downplays attack on Supreme Leader’s birthday