Microsoft announces acquisition of Activision Blizzard for $68.7 billion

$Microsoft (MSFT.US)$ On Tuesday morning, local time in the United States, Microsoft issued an official statement saying that it will acquire the gaming giant Activision Blizzard for $95 per share, with a transaction value of $68.7 billion. Boosted by the news, Activision Blizzard closed up 25.88% on Tuesday, while Microsoft's shares closed down 2.43%, dragged down by the broader market sell-off in technology stocks. $Activision Blizzard (ATVI.US)$