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Microsoft to Buy Activision-Blizzard

TheMotleyFool

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Microsoft to Buy Activision-BlizzardPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

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Back in the day, video game makers earned their money a quarter at a time, through coin slots at arcades in malls across America. How times have changed.

On Tuesday, Microsoft agreed to pay $70 billion in cash for gaming giant Activision Blizzard, asserting its weight in a highly competitive market that generated $155 billion in revenue in 2020 — more than the music and movie industries combined.

Source Fool.com

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