Microsoft said on Tuesday it would buy videogame publisher Activision Blizzard in an all-cash transaction valued at $68.7-billion. It’s the biggest-ever acquisition in the IT industry.
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Activision Blizzard is facing a fierce backlash and calls for a boycott after a unit of the American game company punished a player for supporting Hong Kong’s protest movement, the latest cultural clash between the US and China.
Shares of the biggest videogame makers tumbled on Monday after President Donald Trump blamed the industry for contributing to a culture of violence in the US.
Apple investors are likely looking for the company to use its massive cash pile to make acquisitions, and names like Netflix, Activision Blizzard and Sonos are among those JPMorgan sees as strong strategic fits.
Computer game publisher Activision Blizzard has this week announced that it intends to buy King Digital, the makers of Candy Crush Saga, for US$5,9bn. Unlike competitors such as Zynga, King Digital