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Why did Microsoft buy Activision?

Activision has been mired in controversy in recent months due to allegations of sexual harassment and misconduct among company executives. Microsoft announced Tuesday it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. The price means Microsoft will pay $95 per share for Activision.

Is Activision Blizzard a buy?

Activision shares are trading about 24% below its acquisition price of $95 per share. Here's a look at what happened since the deal was announced and whether Activision Blizzard is a buy. The market, fearing antitrust concerns, was skeptical that regulators would approve Microsoft's acquisition of Activision Blizzard from the beginning.

What happened to Activision & Microsoft?

Activision ’s stock ended the day up more than 25%, closing at $82.31 per share on Tuesday. Microsoft ’s shares closed down more than 2%. This would be Microsoft’s largest acquisition to date, followed by its purchase of LinkedIn in 2016 for $26.2 billion.

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